The Average Salary (Indicator) Has Increased by from $26,568 to $28,786

question 4

Multiple Choice

The average salary (indicator) has increased by from $26,568 to $28,786 in the last 3 years. During the same time the value of silver has fallen by 53% (0.53) . Calculate the Real Value Index of silver (0 decimal places) .

• A) 46
• B) 47
• C) 48
• D) 49

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Definitions:

Frustration

A legal doctrine freeing both parties from their contractual obligations if an unexpected event renders the contract impossible to fulfill.

Contract Law

The body of law that governs the formation, performance, and enforcement of agreements between parties.

Statute

A written law passed by a legislative body.

Equitable Remedies

Court-imposed solutions based on fairness to resolve a dispute, including injunctions and specific performance.