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15-02-2024
Business

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Spending on pharmaceuticals increased from $520 billion in 2016 to $603 billion in 2021. The Consumer Price Index (CPI) also increased from 241.432 in 2016 to 278.802 in 2021. What was the adjusted spending in 2021 dollars for 2016?
a. $45
b. $520 billion
c. $603 billion
d. $45 billion

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