a-person-earned-80000-in-2015-with-a-cpi-of-110-and-90000-in-2020-with-a-cpi-of-

Question

A person earned $80,000 in 2015 with a CPI of 1.10 and $90,000 in 2020 with a CPI of 1.30. Synthesize this information to determine in which year they had greater purchasing power.

Accepted Answer

2015

Answer

Cannot be determined with the given information.

Answer

2020

Answer

Purchasing power was the same in both years.

A person earned \$80,000 in 2015 with a CPI of 1.10 and \$90,000 in 2020 with a CPI of 1.30. Synthesize this information to determine in which year they had greater purchasing power.