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What would be a salary with equivalent purchasing power

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Reference no: EM133711289

Question: Assume in a country that the CPI in 1990 was 128.32, and the CPI in 2010 was 217.53. If you earned a salary of $39,996in 2010, what would be a salary with equivalent purchasing power in 1990? Please do not round until the final step. Then round to two decimal places.

Reference no: EM133711289

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