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An engineer in 1950 was earning $6800 a year. In 2015 she earned $88,000 a year. However, on average, prices in 2015 were higher than
An engineer in 1950 was earning $6800 a year. In 2015 she earned $88,000 a year. However, on average, prices in 2015 were higher than 1950. what was her real income in 2015 in terms of constant 1950 dollars? Use the data in table 5.8
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