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Business, 19.07.2021 16:30 quarrella

Taylor's nominal income is $50,000 per year in Acity where the cost-of-living index is 200. Taylor is considering accepting a similar job and relocating to Becity where the cost-of- living index is 210. For Taylor's income to have the same purchasing power in Becity as $50,000 has in Acity, then Taylor's nominal income per year in Becity must equal:

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Taylor's nominal income is $50,000 per year in Acity where the cost-of-living index is 200. Taylor i...
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