Suppose that the year you were born someone bought $100 of goods and services for your baby

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Suppose that the year you were born someone bought $100 of goods and services for your baby shower. How much would you guess it would cost today to buy a similar amount of goods and services? Now find data on the CPI and compute the answer based on it.

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Essentials of Economics

ISBN: 978-1337091992

8th edition

Authors: N. Gregory Mankiw

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