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Unit Test Active Minneapolis, MN has a CPI of 173 . Anchorage, AK has a CPI of 226 . How does the purchasing power of someone in Minneapolis earning a salary of \( \$ 42,500 \) compare to the purchasing power of someone in Anchorage earning a salary of \( \$ 67,000 \) ? a. The person living in Minneapolis has \( \$ 57.61 / \) CPI more than the person in Anchorage. b. The person living in Minneapolis has \( \$ 130.45 / \) CPI more than the person in Anchorage. c. The person living in Anchorage has \( \$ 50.80 / \mathrm{CPI} \) more than the person in Minneapolis. d. The person living in Anchorage has \( \$ 90.82 / \mathrm{CPI} \) more than the person in Minneapolis.

Ask by Best Ortiz. in the United States
Mar 06,2025

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The person living in Anchorage has $50.80/CPI more purchasing power than the person in Minneapolis.

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To compare the purchasing power between the two cities, we need to adjust each salary based on the respective CPI values. In Minneapolis, the adjusted salary would be \( \frac{42,500}{173} = 245.67 \). In Anchorage, it would be \( \frac{67,000}{226} = 296.89 \). When we compare these two figures, we can see that the purchasing power is greater in Anchorage, with a difference of approximately \( 51.22 \). Thus, the nearest answer choice is: **c. The person living in Anchorage has \( \$ 50.80 / \mathrm{CPI} \) more than the person in Minneapolis.** Now, that’s putting some serious power in your pockets — or at least making it clear where to spend wisely!

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