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Suppose in 2001, Annie managed to spend all of her income of $45,000 a year without saving any of it. The CPI in 2001 was
Suppose in 2001, Annie managed to spend all of her income of $45,000 a year without saving any of it. The CPI in 2001 was 240, and the CPI in 2019 was 255. What income would Annie have needed in 2019 to have had the same purchasing power that she had with $45,000 in 20017. (5 Points)
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