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.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: A simple price index is the ratio
Q2: Real GDP is real Nominal GDP divided
Q3: A simple aggregate price index is the
Q4: The Fisher price index is the geometric
Q5: Construct the index of average weekly
Q7: Which of the following is the correct
Q8: The gross domestic product is often
Q9: Which of the following best describes the
Q10: The table below lists two index
Q11: If the Laspeyres price index for a