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Question: Affording a Mercedes. A Mercedes-Benz 190 cost $24,000 in 1981, when the CPI (1982-84 = 100) was 90.9. The average CPI for 2007 was 207.3. How many 2007 dollars must you earn to have the same buying power as $24,000 had in 1981?
Statistics and Probability, Statistics
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