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    Principles of Economics Study Set 8
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    Exam 24: Measuring the Cost of Living
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    Michael Jordan's Rookie Salary in 1984 Was $550,000
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Michael Jordan's Rookie Salary in 1984 Was $550,000

Question 185

Question 185

Short Answer

Michael Jordan's rookie salary in 1984 was $550,000. The CPI in 1984 was 103.9, while the CPI in 2010 was 218.1. What is Michael Jordan's rookie salary in 2010 dollars?

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