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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Infectious Disease

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The practice of taking action to preserve or improve one's own health, well-being, and happiness, particularly during periods of stress.

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Academic or clinical research conducted to gain insights into health, disease, and the effects and effectiveness of medical treatments.