Question
8. An engineer in 1950 was earning $5,000 a year. In 2015 she earned $100,000 a year. However, on average, prices in 2015 were higher
8. An engineer in 1950 was earning $5,000 a year. In 2015 she earned $100,000 a year. However, on average, prices in 2015 were higher than in 1950. What was her real income in 2015 in terms of constant 1950 dollars? Use the data in Table 5.8. (Round your answer to 2 decimal places.)
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Options Trading Crash Course
Authors: John Thomas Hill
1st Edition
979-8569471966
