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What is the buying power of a salary of $10,000 at the [#permalink] ### Show Tags 18 Aug 2005, 12:31 00:00 Difficulty: (N/A) Question Stats: 0% (00:00) correct 0% (00:00) wrong based on 0 sessions ### HideShow timer Statistics This topic is locked. If you want to discuss this question please re-post it in the respective forum. What is the buying power of a salary of$10,000 at the present time in terms of what the same salary could have purchased N years ago?

1. The buying power of the dollar has decreased in value from $1.00 to$.60 during the past N years.
2. Because of the decrease in the buying power of the dollar, a typical article which would have cost $15 N yrs ago cost$25.
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18 Aug 2005, 13:15
(D) because both statements tell us that the price level has risen by 67% for N years.
10K today buy as much as 6K N years ago or
16.7K today buy as much as 10K N years ago
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