It is okay for the health care system because it is affordable to low income people.
Answer:
The answer of the surplus means extra
Answer:
The correct answer is $100,000.
Explanation:
CPI or Consumer Price Index uses a basket of goods approach that aims to compare a consistent base of products from year to year focusing on products that are bought and used by consumers daily.
In the example, we can solve the question by using the simple "rule of 3" considering that the purchasing power is directly proportional to the income received and the CPI of the place where we are located. We will have:
(48 000)/60= x/125
125(48000) = 60(x)
x = 100000
So, a job in New York should offer $100,000 for the two salaries to represent the same buying power.
