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Suppose Your Annual 2001 Salary Was $40,000 and Your 2006

Question 75

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Suppose your annual 2001 salary was $40,000 and your 2006 salary was $52,000. Assume the annual CPI rose from 177.1 to 202.9 during this period of time. What was your real income in 2006?

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$25,628
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