In 2002 Your Annual Salary Was $50 000 and in 2007

question 7

Short Answer

In 2002 your annual salary was $50 000 and in 2007 your annual salary is $75 000. The CPI in 2002 was 136 and the CPI in 2007 was 156.1. Which of the following is the percentage change in your real income from 2002 to 2007? $\begin{array}{|l|l|}\hline A&\text { \( 50 \% \) increase in real income from 2002 to 2007 .}\\\hline B&\text { \( 33.33 \% \) increase in real income from 2002 to 2007 .}\\\hline C&\text { \( 30.69 \% \) increase in real income from 2002 to 2007 . }\\\hline D&\text {None of these choices are correct. }\\\hline \end{array}$

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