Answered: Ruben earned a $60,000 salary in 2001…

Ruben earned a $60,000 salary in 2001 and then $80,000 salary in 2006. The consumer price index was 177 in 2001 and 221.25 Rubens 2006 salary in 2001 dollars is

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter6: How Statisticians Measure Inflation

Section6.A: How Statisticians Measure Inflation

Problem 4TY

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Ruben earned a $60,000 salary in 2001 and then $80,000 salary in 2006. The consumer price index was 177 in 2001 and 221.25 Rubens 2006 salary in 2001 dollars is

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