Multiple Choice
Given the following figures,by approximately what percentage did Henry's real income change between 2010 and 2011?
Henry's 2010 money income = $50,000
Henry's 2011 money income = $60,000
2010 CPI = 150.0
2011 CPI = 165.0
A) zero
B) 2.5 percent
C) 5 percent
D) 7.5 percent
E) 9 percent
Correct Answer:
Verified
Correct Answer:
Verified
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