When Joe started his job at the laundromat 5 years ago, his wage was $5.50 an hour. Today his wage is $8.50 an hour. If Joe started his job in the base year, and his real wage is the same as when he started, what is the Consumer Price Index today?
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No one will do your assignment for you, but if you post what YOU THINK, someone may be able to check your work.
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