Suppose the Consumer Price Index in 2019 is 131.9​, with 2002 as the base year. ​(a) What is the purchasing power of the dollar in 2019 compared to​ 2002? ​(b) What is the real​ income, relative to​ 2002, of a wage earner whose income amounted to 62,900 in​ 2019?

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