U.S. inflation is intentionally kept at a steady 5%, for a variety of economic reasons. Because of this, the cost
of most things is expected to increase by 5% per year, with few exceptions.
In 2009, minimum wage was set to 7.25, and has not changed since. If it had risen to meet the intended
inflation, what would minimum wage be now in 2023?
A$21.16
B $14.35
C$15.05
D$2,116,.49