If the Annual Real Income of an Individual Is £45,000

question 58

Multiple Choice

If the annual real income of an individual is £45,000 and the annual inflation rate is 3 per cent, compute the nominal income.

• A) £45,000
• B) £43,689.32
• C) £58,500
• D) £46,350

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Definitions:

Systole

The phase of the cardiac cycle during which the heart muscles contract and pump blood from the chambers into the arteries.

Diastole

The phase of the heart cycle during which the heart muscle relaxes and allows the chambers to fill with blood.

Hypertension

A chronic medical condition where blood pressure in the arteries is persistently elevated.

Blood Pressure Reading

A measure of the force that circulating blood exerts against the walls of the arteries, expressed in terms of the systolic and diastolic pressures.