If a family spent $250 a week on their typical purchases in 1950, how much would those purchases have cost in 1980? If your salary in 1980 was $30,000 a year, what would be the real value of that salary in terms of 1950 dollars?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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If a family spent $250 a week on their typical purchases in 1950, how much would those purchases have cost in 1980? If your salary in 1980 was $30,000 a year, what would be the real value of that salary in terms of 1950 dollars?

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