Ms. Spielvogel was paid $400 a week in 1987, the base year. By 1995 she was earning
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Ms. Spielvogel was paid $400 a week in 1987, the base year. By 1995 she was earning $900 a week. If the consumer price index was at 180 in 1995, how much were Ms. Spielvogel’s real wages that year, and by what percentage had they changed?
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