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Business, 14.02.2020 23:30 alexcuevaz90

In 2015, the Consumer Price Index (CPI) was 238, whereas it was about 100 in 1982. Suppose that one of your parents had a job that paid $28,000 annually in 1982 and a job that paid $60,000 annually in 2015. Relative to 1982, we could say that your parent's nominal income in 2015 and that your parent's real income in 2015.

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In 2015, the Consumer Price Index (CPI) was 238, whereas it was about 100 in 1982. Suppose that one...

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