# After graduating from college in 2010, Art Major’s starting salary is \$50757.00. Suppose Art Majo… 1 answer below »

Suppose Art Major has a cost of living adjustment (COLA) clause, i.e. an escalator clause in his labor contract so that he will be able to maintain this same level of purchasing power in real terms in 2011 and 2012. Using the information in the table below how much will Art Major be earning in 2011 and 2012 if his salary keeps up with inflation? Round to the nearest dollar your answers Year 2010 2011 2012 102.77 105.69 109.35 What is Art Majors salary in 2011? ncorrect For the Year 2011 What is the CPI in the current time period and what is the CPI in the original time period? How do these values relate to Art Majors starting salary in 2010 Number \$49354.69 What is Art Majors salary in 2012? Number \$47702.76 ” src=”https://files.transtutors.com/cdn/questions/transtutors006/images/transtutors006_76ace005-2998-4233-bbd6-1f4e888b947a.png”>

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After graduating from college in 2010, Art Major’s starting salary is \$50757.00. Suppose Art Majo… 1 answer below »
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After graduating from college in 2010, Art Major’s starting salary is \$50757.00. Suppose Art Major has a cost of living adjustment (COLA) clause, i.e. an escalator clause in his labor contract so that he will be able to maintain this same level of purchasing power in real terms in 2011 and 2012. Using the information in the table below how much will Art Major be earning in 2011 and 2012 if his salary keeps up with inflation? Round to the nearest dollar your answers Year 2010 2011 2012 102.77 105.69 109.35 What is Art Major’s salary in 2011? ncorrect For the Year 2011 What is the CPI in the current time period and what is the CPI in the original time period? How do these values relate to Art Major’s starting salary in 2010 Number \$49354.69 What is Art Major’s salary in 2012? Number \$47702.76