The purchasing power of $50,000 in 1970 was the purchasing power of $200,000 in 2007. a. less than b. more than c. the same as d. not comparable to

Option B.More than, is the correct option.

Step-by-step explanation:

If purchasing power in 1970 was $50000 and we have to calculate the purchasing power in 2007.

During this period of 37 years change in inflation rate was 4.46% so the purchasing power of $50000 will become

P = $251258

Which is very high as compared to $200000.

Therefore purchasing power in 1970 was more than in 2007.

Option B.is the correct option.

equal to

step-by-step explanation:

it should be a.

hope it