65. Real versus Nominal Dollars. An engineer in 1950 was earning $6,000 a year. Today she earns...
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65. Real versus Nominal Dollars. An engineer in 1950 was earning $6,000 a year. Today she earns $60,000 a year. However, on average, goods today cost 6.9 times what they did in 1950. What is her real income today in terms of constant 1950 dollars? (LO6)
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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