Question: 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

Lee is a hospital Nurse in Colombo and in 2000 she had

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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