Question
Suppose your friend's grandmother earned a salary of $12,229 in 1965. If the CPI is 30.42 in 1965 and 218.97 in 2017, what is the
Suppose your friend's grandmother earned a salary of $12,229 in 1965. If the CPI is 30.42 in 1965 and 218.97 in 2017, what is the approximate value of your friend's grandmother's salary in 2017 dollars? Please do not round until the final step. Then round to two decimal places.
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Economics
Authors: Paul A. Samuelson, William Nordhaus
19th edition
978-0073511290, 73511293, 978-0073344232, 73344230, 978-007351129
