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%
B) 3.66%
C) 15.68%
D) 92.92%
Correct Answer:

Verified
Correct Answer:
Verified
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