If you are converting buying power, the buying power in a high index city will be less than the buying power in a low index city. For example, $100 in Boston, where the city index is 151, would purchase an equivalent amount of goods and services as in Dallas, where the city index is 114. Round your answer to the nearest whole dollar.

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter2: Some Tools Of The Economist
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If you are converting buying power, the buying power in a high index city will be less than the buying power in a low index city. For example, $100 in Boston, where the city index is 151, would purchase an equivalent amount of goods and services as

 

in Dallas, where the city index is 114. Round your answer to the nearest whole dollar.

 

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