Table 24-11. Megan's salary for three consecutive years, along with other values, is presented in the table below.
-Refer to Table 24-11. Suppose the consumer price index for 2013 is not necessarily 235. Then Megan's 2013 salary represents more purchasing power than her 2011 salary as long as the consumer price index for 2013 is
A)greater than 264.25.
B)less than 264.25.
C)greater than 258.71.
D)less than 258.71.

Question

Table 24-11. Megan's salary for three consecutive years, along with other values, is presented in the table below. 
-Refer to Table 24-11. Suppose the consumer price index for 2013 is not necessarily 235. Then Megan's 2013 salary represents more purchasing power than her 2011 salary as long as the consumer price index for 2013 is
A)greater than 264.25. 
B)less than 264.25. 
C)greater than 258.71. 
D)less than 258.71.

Quizplus · Accepted Answer

Megan's 2013 salary will have more purchasing power than her 2011 salary if the consumer price index (CPI) for 2013 is less than 264.25, as this would mean that the inflation rate is lower, allowing her salary to buy more goods and services.