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OpenStudy (minimato):
The CPI for 1951 (using a 1982 base year) is 26.0. Suppose a household's annual take-home pay in 1951 was $8,320 in 1951 dollars. What would be an equivalent take-home pay in 1982 in base year dollars? A. $10,483 B. $21,632 C. $23,680 D. $31,250 E. $32,000
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