For the next two questions, please consider the following three amounts of income for a small business in three different years.

• Income A: 1960: $5600
• Income B: 1990: $10,000
• Income C: 2023: $50,000

Assume that the CPI equals 30 in 1960; 130 in 1990; and 310 in 2023.

1. Income B would be $_________ in 1960 dollars.
2. If we put these incomes in order from highest to lowest in 2023 terms, [Income A/ Income B/ Income C] would be highest, then [Income A/ Income B/ Income C] and then [Income A/ Income B/ Income C] would be lowest.

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