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An engineer in 1950 was earning $6,000 a year. Today she earns $60,000 a year. However, on average, goods today cost 8.8 times what they
An engineer in 1950 was earning $6,000 a year. Today she earns $60,000 a year. However, on average, goods today cost 8.8 times what they did in 1950. What is her real income today in terms of constant 1950 dollars? (Round your answer to 2 decimal places.) Real income
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