a-person-earned-65000-in-2016-with-a-cpi-of-105-and-75000-in-2021-with-a-cpi-of-

Question

A person earned $65,000 in 2016 with a CPI of 1.05 and $75,000 in 2021 with a CPI of 1.35. Synthesize this information to determine in which year they had greater purchasing power.

Accepted Answer

2016

Answer

Cannot be determined with the given information.

Answer

Purchasing power was the same in both years.

Answer

2021

A person earned \$65,000 in 2016 with a CPI of 1.05 and \$75,000 in 2021 with a CPI of 1.35. Synthesize this information to determine in which year they had greater purchasing power.