Asked • 02/05/21

Consumer Price Index

In January 1980, the CPI stood at 77.8, and by January 2006, it was 198.3. Assume college graduates entering the job market were being paid on average $1,200 a month in 1980, and in January 2006, the average was $3,000. Are the newer graduates in 2006 paid more or less after adjusting for inflation?

1 Expert Answer

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Anindita P. answered • 02/05/21

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