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Your grandfather tells you that he earned $ 6 , 0 0 0 / year in his first job in 1 9 5 8 .
Your grandfather tells you that he earned $year in his first job in You earn $year in your first job in You know that average prices have risen steadily since You earn
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less than times as much as your grandfather in terms of real income.
times as much as your grandfather in terms of real income.
less than times as much as your grandfather in terms of nominal income.
more than times as much as your grandfather in terms of real income.
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