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Jackson's nominal income is $ 5 0 , 0 0 0 per year in Lakeview where the cost - of - living index is 2
Jackson's nominal income is $ per year in Lakeview where the costofliving index is Jackson is considering accepting a similar job and relocating to Beachland where the costofliving index is For Jackson's income to have the same purchasing power in Beachland as $ has in Lakeview, Jackson's nominal income per year in Beachland must equal:
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a $
b $
$
$
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