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Suppose that the CPI=260 in January, CPI=262 in April and CPI=264 in August. Calculate the real income for someone who earns $1,000 in January, April

Suppose that the CPI=260 in January, CPI=262 in April and CPI=264 in August. Calculate the real income for someone who earns $1,000 in January, April and August. Please show your calculations. How do you interpret these results?

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