Answer to Question #156348 in Macroeconomics for Christopher Rodrigues

Question #156348

Suppose a person was earning 1500 per month in 2005, what should be his salary in 2010, if the cost of living index number in 2010 with base year 2005 is 170.30?


1
Expert's answer
2021-01-19T07:23:27-0500

=salary for the base year*cost of living index

=1500*170.30

=2554.50


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