Suppose that the price index for the years 1980 and 2010 is, Business Economics

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Suppose that the price index for the years 1980 and 2010 is

Suppose that the price index for the years 1980 and 2010 is equal to 60.0 and 180.0, respectively. Also suppose that Maya earned an annual salary of $20,000 in 1980. Given the above, how much would Maya have to earn in 2010 in order for her salary to have the same level of “purchasing power” as her $20,000 salary had in 1980

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