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Suppose That Mike Earned $15,000 in 2008 and $15,600 in 2009.If

Question 187

Multiple Choice

Suppose that Mike earned $15,000 in 2008 and $15,600 in 2009.If the consumer price index was 100 in 2008 and 103 in 2009,by approximately what percent did Mike's real salary increase?


A) 1 percent
B) 3 percent
C) 4 percent
D) 5 percent

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