Suppose you are offered a job in Vancouver where the CPI is 135 and a job...
Suppose you are offered a job in Vancouver where the CPI is 135 and a job in Thunder Bay where the CPI is 115. If your job offer in Vancouver is for $55,000 per year, how high would the job offer in Thunder Bay have to be so the salary from both jobs give you the same purchasing power? Round your answer to the nearest dollar.
Homework Answers
the job offer in Thunder Bay have to be = (135 / 115)* 55,000 = 64,565.22
So the answer to the nearest dollar = $64,565
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