Multiple Choice
The minimum wage in 1999 was $5.15. What is the equivalent amount in 1942 dollars? (Assume the 1999 CPI is 166.2 and the 1942 CPI is 16.3.)
A) about 47 cents
B) about 49 cents
C) about 51 cents
D) about 53 cents
Correct Answer:
Verified
Correct Answer:
Verified
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