Suppose That Your Income During Year X Was $50,000, and the CPI

question 44

Multiple Choice

Suppose that your income during Year X was $50,000, and the CPI for Year X was 150 (base year = Z=100) . Back in Year Z your income was $30,000. Has your real income increased or decreased from Z to year X? By how much?

• A) Increased by $5,000.
• B) Increased by $3,333.
• C) Decreased by $5,000.
• D) Decreased by $3,333.

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