Multiple Choice
You are attending the same University where your grandparents attended and have just landed a job at a local retail store when your Grandfather also worked in 1972.You accept the position for a t wage of $10.00 per hour.Your Grandfather's wage was $2.37 per hour.The CPI in 1972 was 41.8 and is 230.21 today.Real income between 1972 and today has
A) increased.
B) decreased.
C) stayed the same.
D) fluctuated.
Correct Answer:
Verified
Correct Answer:
Verified
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