Babe Ruth's 1931 salary was $80,000 . Government statistics show a consumer price index of 15.2 for 1931 and 215 for 2008 . Ruth's 1931 salary was equivalent to a 2008 salary of about
a. $536,000.
b. $828,000.
c. $1,131,000.
d. $1,216,000.
C
Economics
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In 2017, about what percentage of total income was earned by the richest fifth of all U.S. households?
A. 30 percent B. 50 percent C. 70 percent D. 90 percent
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