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Terms of purchasing power as engineers

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Reference no: EM131593577

suppose the CPI in 1990 using 1980 as the base year was 114, while the CPI in 1980 using 1975 as the base year was 105. If average salary of engineers in 1990 was 74,500 and they were equally as well off in terms of purchasing power as engineers were in 1980, then the average salary of engineers in 1980 must have been approximately.

Reference no: EM131593577

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