Lee is a hospital Nurse in Colombo and in 2000 she had yearly salary of $60,000....
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Lee is a hospital Nurse in Colombo and in 2000 she had yearly salary of $60,000. In 2010 she earned $92,000 as salary. The Price Index representing her buying power in 2000 was 100 and in 2010 it is 164. In 2011 Lee decided to keep working at that hospital and her new salary of 2011 is $108,000 per year and the 2011 price index is now 171. Now, what is the approximate value of her buying power now expressed in 2000 dollars? $31,579 $26,900 $29,466 $32,927 Lee is a hospital Nurse in Colombo and in 2000 she had yearly salary of $60,000. In 2010 she earned $92,000 as salary. The Price Index representing her buying power in 2000 was 100 and in 2010 it is 164. In 2011 Lee decided to keep working at that hospital and her new salary of 2011 is $108,000 per year and the 2011 price index is now 171. Now, what is the approximate value of her buying power now expressed in 2000 dollars? $31,579 $26,900 $29,466 $32,927
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Hence correct answer is option B Given data Lee is a hospital Nurse In Colo... View the full answer
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
Posted Date:
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