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Celestria starts a job that pay $50,000 a year. Her mother started a
similar job in 1983 that paid $25,000. The CPI in 1983 was 100 and
the CPI this year is 210. Who is better off in real wages?
Her mother, because Celestina s wage is equal to $18,750 in 1983
Celestina, because she earns $25.000 more than her mother did.
Celestina, because her wage is equal to $28,500 in 1983
Her mother, because her wage in 1983 is equal to $52,500 today
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Celestria starts a job that pay $50,000 a year. Her mother started a
similar job in 1983 that paid...
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