Suppose Jack's Salary Increased from $100,000 to $200,000 Per Year

question 109

Multiple Choice

Suppose Jack's salary increased from $100,000 to $200,000 per year between 2004 and 2014 and the price index increased from 100 to 300 during the same period.Which of the following statements best describes Jack's situation?

• A)His real income and money income have both increased.
• B)His real income has increased and money income has decreased.
• C)His real income and money income have both decreased.
• D)His real income has decreased and money income has increased.
• E)His real income has remained unchanged.

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Definitions:

Social Organization

A structured pattern of relationships and roles developed by people to meet social needs within a society.

Solidarity Theory

A sociological perspective emphasizing unity and agreement within a community, especially in the pursuit of common interests or objectives.

New Social Movements

Became prominent in the 1970s. They attract a disproportionately large number of highly educated people in the social, educational, and cultural fields and universalize the struggle for citizenship.