US Senate
Current US Senator Dick Durbin (from Illinois) was first elected to the office in 1996.
At that time US senators earned an annual salary of $133,600. Senator Durbin has
been re-elected four more times since then. In 2020, he earned a salary of
$174,000. Knowing that the CPI for 1996 is 156.9 and the CPI for 2020 is 258.8,
convert the 1996 salary to constant 2020 dollars. Answer the following questions.
Question 8 (1 point)
Senator Durbin's initial salary (when he was first elected in 1996) in 2020 constant
dollars is:
(round your answer to two decimal places)
A
Question 9 (1 point)
When was Senator Durbin's salary was worth more?
1996
2020