Multiple Choice
Assume that the firefighters have gone without a pay increase for 4 years during a tough time in their city's finances.Suppose that things start to look up and the Mayor wants to make up for lost time.If the CPI in 2002 was 125 and 150 in 2006,how much will salaries have to increase to bring the firefighters back up to their real income from 2002?
A) 150.0%
B) 125.0%
C) 20.0%
D) 16.7%
E) 25.0%
Correct Answer:
Verified
Correct Answer:
Verified
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