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For example 1993 - $2000, 1994 - $2200, 1995 - $2400.
How can I find the value had they were kept constant at 1993 value. PS: CPI in 1993 is 100.

What value do I need to find the answer for this question?

2007-02-26 19:08:00 · 1 answers · asked by Sniper 2 in Social Science Economics

1 answers

Base year for CPI is 1993 so, of course, the CPI for 1003 will be 100. You need the CPI for 1994 and 1995. Then you divide the $ amount each year by its respective CPI and you will get 1994 and 1995 dollar in constant 1993 terms.

2007-02-26 23:16:48 · answer #1 · answered by MSDC 4 · 0 0

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