comparing purchasing power

Anonymous
timer Asked: Nov 28th, 2016

Question description

Minneapolis, MN has a CPI of 173. Anchorage, AK has a CPI of 226. How does the purchasing power of someone in Minneapolis earning a salary of $42,500 compare to the purchasing power of someone in Anchorage earning a salary of $67,000? a. The person living in Minneapolis has $57.61/CPI more than the person in Anchorage. b. The person living in Minneapolis has $130.45/CPI more than the person in Anchorage. c. The person living in Anchorage has $50.80/CPI more than the person in Minneapolis. d. The person living in Anchorage has $90.82/CPI more than the person in Minneapolis.

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