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Suppose the Consumer Price Index in 2009 is 114.4: with 2002 as the base year. What is the purchasing power of the dollar in 2009

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Suppose the Consumer Price Index in 2009 is 114.4: with 2002 as the base year. What is the purchasing power of the dollar in 2009 compared to 2002? What is the real income, relative to 2002, of a wage earner whose income amounted to $62,900 in 2009

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