Baberuth

Adjusting numbers for inflation
ConvertBabe Ruth’swages in 1931 to2005 dollars:
1931 Salary =$80,000CPI = 15.21931CPI= 1952005
19515.2
X $80,000 =1,026,316(2005 dollars)
EndingYear Index(2005)StartingYear Index(1931)
XStartingDollar Value=2005 dollars
See Textbook pages 538 - 540