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In questions 7-10, use 140.3 as the Consumer Price Index in 1992 and 240.0 as its value in 2016. To keep up with inflation, what

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In questions 7-10, use 140.3 as the Consumer Price Index in 1992 and 240.0 as its value in 2016. To keep up with inflation, what should a standard 29 cent first class postage stamp for 1992 cost in 2016? The average cost of a car in 1992 was #11,580. What would a similar car have cost in 2016? What would be the equivalent price in 1992 of a pair of jeans that cost $69 in 2016? . The median household income in 2014 was $53,657 and the CPI was 236.7. What would that income have to be in 2016 to maintain the same standard of living

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