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(Choose 1 answer)
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Scenario 24-3
Grant Gant was a doctor in 1944 and earned $12,000 that year. His daughter, Gretta Gant, is a doctor today and she earned $210,000 in 2005. The price index was 17.6 in 1944 and 184 in 2005.
Refer to Scenario 24-3. Grant Gant's 1944 income in 2005 dollars is
A. $1,147.83.
B. $113,454.55.
C. $125,454.55.
D. $1,996,800.00.
