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Sakari's income was $73,680.00 in 2014 and $81,416.40 in 2015. If the CPI was 125 in 2014 and 137.4 in 2015 with 2002 as the
Sakari's income was $73,680.00 in 2014 and $81,416.40 in 2015. If the CPI was 125 in 2014 and 137.4 in 2015 with 2002 as the base year, a) Determine Sakari's real income in 2014. $ b) Determine Sakari's real income in 2015. $ c) Should Sakari be happy about her increase in salary from 2014 to 2015? $ No, because her real income was actually decreased Yes, as her real income was also increased
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