An engineer in 1050 was earning $6,600 a year. In 2017 she earned $86,000 a year. However, on average, prices were higher than in 1950. What was her real income in 2017 in terms of constant 1950...

An engineer in 1050 was earning $6,600 a year. In 2017 she earned $86,000 a year. However, on average, prices were higher than in 1950. What was her real income in 2017 in terms of constant 1950 dollars?

CPI<br>Percent Change since 1950<br>1950<br>25.0<br>1960<br>29.8<br>+ 19.2%<br>1970<br>39.8<br>+59.2<br>1980<br>86.3<br>+245.2<br>1990<br>133.8<br>+435.2<br>2000<br>174.0<br>+596.0<br>2010<br>219.2<br>+776.8<br>2017<br>248.0<br>+892.0<br>

Extracted text: CPI Percent Change since 1950 1950 25.0 1960 29.8 + 19.2% 1970 39.8 +59.2 1980 86.3 +245.2 1990 133.8 +435.2 2000 174.0 +596.0 2010 219.2 +776.8 2017 248.0 +892.0

Jun 06, 2022

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An engineer in 1050 was earning $6,600 a year. In 2017 she earned $86,000 a year. However, on average, prices were higher than in 1950. What was her real income in 2017 in terms of constant 1950...

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