Quinn has job offers in Wrexington and across the country in Charlieville. The Wrexington job would pay a salary of $50,000 per year, and the Charlieville job would pay a salary of $40,000 per year. The CPI in Wrexington is 150, and the CPI in Charlieville is 90.Refer to Scenario 24-4. The Wrexington salary in Charlieville dollars is:.a. $30,000.00.b. $33,333.33.c. $45,000.00d. $83,333.33.

a) $30, 000

Explanation:

The Consumer price index is the weighted average of the cost of basket of good of goods and services consumed by a typical consumer in an economy. It is used to measure the rate of inflation rate.

The salary in Wrexington in Charlieville dollars=

(CPI in Charlieville / CPI in Wrexington)×  Wrexington Salary

= (90/150)×  $50,000

=$30, 000

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi