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Suppose a Person Receives a Salary of £15 000 in 2012

Question 7

Multiple Choice

Suppose a person receives a salary of £15 000 in 2012 and the price index for the year is 115. The inflation-adjusted salary is approximately _____.


A) £17 250
B) £13 274
C) £15 000
D) £13 043

Correct Answer:

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