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What was her real income

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Problem - Real versus Nominal Dollars - An engineer in 1950 was earning $5,800 a year. In 2017 she earned $92,000 a year. However, on average, prices in 2017 were higher than in 1950. What was her real income in 2017 in terms of constant 1950 dollars?

Reference no: EM133031585

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