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Suppose that the price of Apples in 1951 is $ 0.4 $0.4 and in 2008 it is $ 1.2 $1.2. In addition, you also know
Suppose that the price of Apples in 1951 is $ 0.4 $0.4 and in 2008 it is $ 1.2 $1.2. In addition, you also know that the CPI in 1951 is 90 90 and in 2008 it is 140 140. Given this information, what is the real value of Apples in 2008
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Economics
Authors: Paul A. Samuelson, William Nordhaus
19th edition
978-0073511290, 73511293, 978-0073344232, 73344230, 978-007351129
