Solved

In 2002 Your Annual Salary Was $50 000 and in 2007

Question 6

Multiple Choice

In 2002 your annual salary was $50 000 and in 2007 your annual salary is $75 000. The CPI in 2002 was 136 and the CPI in 2007 was 156.1. Which of the following is the percentage change in your real income from 2002 to 2007?


A) 50% increase in real income from 2002 to 2007.
B) 33.33% increase in real income from 2002 to 2007.
C) 30.69% increase in real income from 2002 to 2007.
D) None of these choices are correct.

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