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corie corie
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6 years ago
The nominal price of milk was $2.25 in 1998 while the CPI was 163.0 that year.  Also, the CPI in 1970 was 38.8.  What was the real value of 1998 milk in terms of 1970 dollars?
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Microeconomics

Microeconomics


Edition: 8th
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boransalboransal
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4 years ago
thank you
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