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    Exam 3: Financial Statement and Budgets: Where Are You Now and Where Are You Going
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    Rob's Income Was $20,000 in 2005 and $22,000 in 2006
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Rob's Income Was $20,000 in 2005 and $22,000 in 2006

Question 39

Question 39

Multiple Choice

Rob's income was $20,000 in 2005 and $22,000 in 2006.If inflation was 6% in 2006,then we can say that Rob's 2006 income


A) simply matched the inflation rate.
B) fell behind the inflation rate.
C) exceeded the inflation rate by 4%.
D) lagged the inflation rate by 2%.

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