1967 Income Problem:

 

Salary in 2004 dollars = Salary in 1967 dollars X    Price Level in 2004

                                                                   ---------------------

                                                                   Price Level in 1967

 

 

Salary in 2004 dollars =  $6000 X      188.9

                                                -----

                                                33.4

 

Salary in 2004 dollars =  $6000 X      5.7 = $34,200