Given the Following Figures,by Approximately What Percentage Did Jeff's Real

question 59

Multiple Choice

Given the following figures,by approximately what percentage did Jeff's real income increase between 2004 and 2005?
Jeff's 2004 money income = $60,000
Jeff's 2005 money income = $72,000
2004 CPI = 120.0
2005 CPI = 128.0

• A)zero
• B)6.7 percent
• C)12.5 percent
• D)20 percent

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