How much would president nixons salary be in 1980

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Question: Using the equation 8.3 in the textbook and the following information to answer the question. In 1969, President Nixon earned a salary of $200,000. The CPI in 1969 was 36.7. In 1980, President Reagan also earned a salary of $200,000. The CPI in 1980 was 82.4. How much would President Nixon's salary be in 1980 dollars. Is it larger than President Reagan's ? And if so , what is possible explanation ?

Reference no: EM133629516

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