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Keveen Efe

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  1. Year       Wage        CPI

    2011    $18,000     120.73

    2017    $56,000     232.15

    With the above data, can you calculate the Purchasing Power of the worker as a result of an increase in wage from 18,000 to 56000? And also give interpretation of the result.

    Thank you in advance.

     

     

     

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