Personal Finance, 4e (Madura)
Producer price index measures the cost of a basket of goods and services purchased by firms. ADJUSTING NUMBERS FOR INFLATION: I can remember when a gallon of gasoline cost … Price in today’s dollars = Price in the past * CPI today / CPI past. Babe Ruth’s Salary. Salary 2001 dollars = Salary in 1931 dollars * CPI 2007 / CPI 1931 ................
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