Elucidate which job affords you the highest purchasing power

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Reference no: EM1365258

For each city across the U.S., economists construct a price index for a similar basket of goods. In Los Angeles the index is 127.3 and in Dallas the index is 94.8. If you have been offered $137,000 for a job in Los Angeles and $117,000 for a similar job in Dallas, which job affords you the highest purchasing power of the bundle of goods in the price index?

Reference no: EM1365258

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