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a. The CPI for this year was reported at 158.65. If inflation was 2.6 percent, what must the CPI have been last year? b. If

a. The CPI for this year was reported at 158.65. If inflation was 2.6 percent, what must the CPI have been last year?

b. If wages grew 3.80 percent, but inflation was 3.10 percent, what was the approximate real increase in wages?

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