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An engineer in 1950 was earning $5,400 a year. In 2020 , she earned $96,000 a year. However, on average, prices in 2020 were higher

An engineer in 1950 was earning $5,400 a year. In 2020 , she earned $96,000 a year. However, on average, prices in 2020 were higher than in 1950. What was her real income in 2020 in terms of constant 1950 dollars? Use the data in Table 5.8. Note: Round your answer to 2 decimal places. Real income in 2020

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