Mr. Dostievsky earned $40,000 in 1999, the base year. By 2006 he was earning $80,000. If the

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Mr. Dostievsky earned $40,000 in 1999, the base year. By 2006 he was earning $80,000. If the consumer price index was at 160 in 2006, how much would Mr. Dostievsky’s real wages be that year, and by what percentage would they have changed?

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Mar 01, 2024 11:00 PM

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Mr. Dostievsky earned $40,000 in 1999, the base year. By 2006 he was earning $80,000. If the

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Calculating Mr Dostievskys Real Wages in 2006 1 Adjust for Inflation We dont have the inflation rat...View the full answer

Microeconomics

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