At the time of Carol's 10-year high school reunion, she was earning $30,000 and the CPI was 110. Now that the time has come to attend her 20-year high school reunion, her earnings Carol's income increased to $60,000 and the CPI is 250. At her 20-Year Reunion, can Carol rightly boast that her real income has increased since she last saw her old classmates ten years ago?

Answer rating: 100% (QA)

To determine if Carols real income has increased since her last high school reunion we need to adjus... View the full answer