Question
An engineer in 1950 was earning $6,900 a year. Today she earns $69,000 a year. However, on average, goods today cost 9.7 times what they
An engineer in 1950 was earning $6,900 a year. Today she earns $69,000 a year. However, on average, goods today cost 9.7 times what they did in 1950. What is her real income today in terms of constant 1950 dollars?(Round your answer to 2 decimal places.)
Today's real income$
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
