Multiple Choice
Assume that Ms.Sawyer's salary is $42,000,up from $40,000 last year,while the CPI is 157.5 this year,up from 150 last year.This means that Ms.Sawyer's real income has
A) increased.
B) decreased.
C) stayed the same.
D) It depends on which year is the base year.
Correct Answer:
Verified
Correct Answer:
Verified
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