Multiple Choice
Gulten started her career with an annual salary of $82,000 in 2006.Five years later,in 2011,her salary had increased to $85,000 a year.If the values of the CPI (with a base of 1982-1984) for 2006 and 2011 are 201.6 and 224.9,respectively,compute the increase in Gulten's real income.
A) -7.08 percent
B) 3.66 percent
C) 15.68 percent
D) 92.92 percent
Correct Answer:
Verified
Correct Answer:
Verified
Q28: If the nominal rate of return is
Q70: Exhibit 19-6.Three firms X,Y,and Z operate in
Q71: The following table provides the price and
Q73: Exhibit 19-3.Consider the following information about the
Q75: Consider the following table that provides the
Q76: The following table provides the price and
Q77: Which of the following correctly identifies the
Q78: Exhibit 19-1.Joanna Robertson bought a share of
Q79: The following table provides the prices of
Q113: Alex Aliyev is a primary school teacher.