Solved: The formula real value in todays dollars nominal value in, Dissertation

The formula real value in todays dollars nominal value in

Are comic books more expensive today than when the first Spider Man comics came out in the 1960s? Specifically, how much would a 12-cent comic in 1967 cost equivalently in today's money? Show your work using the ratio of the two years' CPI's times the nominal price.

The formula: real value in today's dollars = nominal value in old dollars * (CPI today/ old CPI).

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