Solved: Charles started working in 2006 when the cpi was 100 his, Macroeconomics

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Charles started working in 2006 when the cpi was 100 his

Charles started working in 2006 when the CPI was 100. His salary has remained at $30,000 since 2006. The CPI today is 200.

A. Calculate the real value of his salary in today___________ show all your work here:

B. What should be his salary today in order maintain the same buying power he had in 2006? __________________ show all your work here:

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Macroeconomics: Charles started working in 2006 when the cpi was 100 his

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Macroeconomics: Charles started working in 2006 when the cpi was 100 his

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