What was her real income in terms of constant

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Reference no: EM131995495

An engineer in 1950 was earning $5,000 a year. In 2015 she earned $100,000 a year. However, on average, prices in 2015 were higher than in 1950. What was her real income in 2015 in terms of constant 1950 dollars? Use the data in Table 5.8. (Round your answer to 2 decimal places.)

Real income in 2015 %

Reference no: EM131995495

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