Year CPI 1990 125.6 ** 2000 169.7 2010 218.7 2020 254.1 Malcolm earned $58,000 in 1990. What would be the equivalent amount of income in 2010?
Year CPI 1990 125.6 ** 2000 169.7 2010 218.7 2020 254.1 Malcolm earned $58,000 in 1990. What would be the equivalent amount of income in 2010?
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 1QP
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![The table below lists CPI figures for Tandang
Year
CPI
1990
125.6
2000
169.7
2010
218.7
2020
254.1
Malcolm earned $58,000 in 1990. What would be the equivalent amount of income in 2010?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F37e2f913-30b2-4c8c-98d5-339163057ff1%2F13c38970-ca5e-4396-94ce-621deeaae0a8%2Fqt21cg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The table below lists CPI figures for Tandang
Year
CPI
1990
125.6
2000
169.7
2010
218.7
2020
254.1
Malcolm earned $58,000 in 1990. What would be the equivalent amount of income in 2010?
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