Mr. Dostievsky earned $40,000 in 1999, the base year. By 2006 he was earning $80,000. If the consumer price index was at 160 in 2006, how much would Mr. Dostievsky's real wages be that year, and by what percentage would they have changed? Real wages (2006): $1 Percentage change = %

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Chapter22: Inflation
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Mr. Dostievsky earned $40,000 in 1999, the base year. By 2006 he was earning $80,000. If the consumer price index was at 160 in
2006, how much would Mr. Dostievsky's real wages be that year, and by what percentage would they have changed?
Real wages (2006): $
Percentage change =
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Transcribed Image Text:er 16 Problems i https://ezto.m 3.mheducation.com/exymap Ind eBook 1 Mr. Dostievsky earned $40,000 in 1999, the base year. By 2006 he was earning $80,000. If the consumer price index was at 160 in 2006, how much would Mr. Dostievsky's real wages be that year, and by what percentage would they have changed? Real wages (2006): $ Percentage change = Mc Graw Hill Type here to search % O E Saved Prev 1 of 5 a Next > ✩ 91°F ^ Help
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