When we express Babe Ruth's 1931 salary in today's dollars and compare his salary to those of current New York Yankee players,we find that the current median salary of today's Yankees is
A)about three quarters of Ruth's salary.
B)about the same as Ruth's salary.
C)about twice Ruth's salary.
D)more than four times Ruth's salary.

Question

Quizplus · Accepted Answer

According to inflation calculators, Babe Ruth's 1931 salary of $80,000 is equivalent to approximately $1.3 million today. The current median salary of the New York Yankees is around $4 million. Therefore, the current median salary is more than 4 times Ruth's salary.

When We Express Babe Ruth's 1931 Salary in Today's Dollars