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Suppose That an Individual Has Earned $400 Per Week Since

Question 13

Multiple Choice

Suppose that an individual has earned $400 per week since 1967 and the CPI is currently 340 (1967 =
100) . The real weekly income of this individual in 1967 dollars is:


A) 361.4.
B) 117.6.
C) 400.
D) 185.9.

Correct Answer:

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