Solved: How much were karryn bilskis real wages that year, Microeconomics

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How much were karryn bilskis real wages that year

Problem

Karryn Bilski made $2,400,000 in 2001, the base year. By 2004 she was earning $3,600,000. If the CPI rose to 120 by 2004, how much were her real wages that year, and by what percentage had they changed?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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