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Cpi had a value

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Suppose that your annual (nominal) salary in 2015 was $20,000. Suppose that the CPI had a value of 80 in 2015 and of 84 in 2016. Suppose also that the real increase in your salary between 2015 and 2016 was 2%. What was your annual (nominal) salary in 2016?

Reference no: EM131541339

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