Social Studies, 23.10.2019 23:00 emilypzamora11
In 1931, president herbert hoover was paid a salary of $75000. government statistics show a consumer price index of 15.2 for 1931 and 207 for 2007. president hoover's 1931 salary was equivalent to a 2007 salary of about
given: cpi=15.2 in 1931, salary 75000; cpi=207 in 2007, salary=?
75000x(207/15.2)=1021381.57
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