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Business, 17.04.2020 01:02 tddreviews

Suppose in 1998 a player named Michael Jordan was paid $31,000,000 in that year (1998 dollars). In 2018, another player named Lebron James was paid about $35,000,000 in that year (2018 dollars). If the CPI in 1998 was 163 and the CPI in 2018 is 250.5, how does Lebron’s salary compare with Jordan’s in terms of purchasing power?

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Suppose in 1998 a player named Michael Jordan was paid $31,000,000 in that year (1998 dollars). In 2...
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