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OpenStudy (anonymous):
The CPI is a measure of the average change in prices over time from a designated reference period, which equals 100. The index based on prices of basic consumer goods and services, and is published at regular intervals by the Bureau of Labor Statistics. What net annual salary in 1970 would have the same purchasing power as a net annual salary of $100,000 in 2000? Compare the answer to the nearest dollar.
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