The Table Shows How the Salary of an Individual Will $\quad \quad \quad \quad \quad \text { A changing Measuring Stick }$

question 56

Multiple Choice

The table shows how the salary of an individual will increase after 40 years and how price level will increase for the same period. What will be the real income x for the individual in 2060? $\quad \quad \quad \quad \quad \text { A changing Measuring Stick }$

$\begin{array}{|c|c|c|c|}\hline \text { Year } & \begin{array}{c}\text { Nominal } \\\text { Income }\end{array} & \begin{array}{c}\text { Price } \\\text { Level }\end{array} & \begin{array}{c}\text { Real } \\\text { Income }\end{array} \\\hline 2020 & \$ 30,000 & 1.0 & \$ 30,000 \\\hline 2060 & \$ 180,000 & 3.0 & \mathbf{X} \\\hline\end{array}$

• A) $90,000
• B) $60,000
• C) $540,000
• D) $150,000

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Definitions:

Segregation

The enforced separation of different racial or socio-economic groups within a community, institution, or country.

Age Pyramid

A graphical representation of the age distribution of a population, typically displayed as a pyramid-shaped diagram that shows the proportion of individuals in different age groups.

Mortality Issues

Refers to matters related to death rates within a population, often studied in public health and demography to understand health outcomes and life expectancy.

Government Spending

The total amount of money being spent by the government on various services, projects, and operations to provide public goods and support the economy.