Using the CPI table, what is the scale factor for going from a 1960 price to a 1980 price?
if something cost $25 in 1960 what is the equivalent value of that price in 1980?
- Anonymous9 months ago
You would need to look at the CPI data and how it's defined. Typically, it's along the line of (CPI factor for 1980) / (CPI factor for 1960) * price in 1960.
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