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MMLU-Pro / 7195 / In 1933, the Consumer Price Index was 38.3 (1967 = 100) and Babe Ruth received a…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

In 1933, the Consumer Price Index was 38.3 (1967 = 100) and Babe Ruth received a salary of $80,000, his highest ever. Near the end of the 1978 baseball season, the Consumer Price Index hit 200. Using this information, what would Ruth's salary be in 1978?

category

economics

options

  1. $350,000
  2. $600,000
  3. $412,371.13
  4. $450,000
  5. $475,000
  6. $500,000
  7. $525,000
  8. $325,000
  9. $560,000
  10. $250,000

src

stemez-Economics

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Source and history

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