A Recent Report Indicated That the Average Annual Real Income

Multiple Choice

A recent report indicated that the average annual real income of agricultural workers declined by 2% between 1990 and 2000.If the CPI was 130 in 1990 and 169 in 2000,and the nominal income of agricultural workers was $35,000 in 2000,what was the average nominal income of agricultural workers in 1990?

A) $20,710.
B) $21,124.
C) $26,923.
D) $27,472.
E) $35,700.