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Suppose That the Price Index in 1999 Was 170 and Your

Question 146

Multiple Choice

Suppose that the price index in 1999 was 170 and your salary was $44,000.Suppose in 2016 the consumer price index will be 290.What salary will you have to earn in 2016 in order to equal your 1999 real income?


A) $66,000
B) $77,647
C) $75,059
D) $83,209

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