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John's annual income in 2002 was $52 000. Now in 2011 John earns $63 000 per year. The CPI was 96 in 2002 and is

John's annual income in 2002 was $52 000. Now in 2011 John earns $63 000 per year. The CPI was 96 in 2002 and is 115 now. In real terms, is John better off now than he was in 2002?

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