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The Consumer Price Index in 1987 was 113.6 (1982 - 84 = 100), compared to 30.2 in 1962. Given that the price of a certain

  1. The Consumer Price Index in 1987 was 113.6 (1982 - 84 = 100), compared to 30.2 in 1962. Given that the price of a certain subcompact automobile was $9000 in 1987, and using the CPI as a deflator, what would have been the vehicle's equivalent price in 1962?

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