Suppose the Consumer Price Index in 2013 is 124.3, with 2002 as the base year. (a) What
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(a) What is the purchasing power of the dollar in 2013 compared to 2002?
(b) What is the real income, relative to 2002, of a wage earner whose income amounted to $62 900 in 2013?
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Related Book For 
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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