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

question 74

Multiple Choice

Given the following figures,by approximately what percentage did Henry's real income change between 2010 and 2011?
Henry's 2010 money income = $50,000
Henry's 2011 money income = $60,000
2010 CPI = 150.0
2011 CPI = 165.0

• A)zero
• B)2.5 percent
• C)5 percent
• D)7.5 percent
• E)9 percent

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Definitions:

Fishing

The activity of catching fish for commercial, recreational, or subsistence purposes.

Total Allowable Catch (TAC)

The overall limit set by a government or a fisheries commission on the total number of fish or tonnage of fish that fishers collectively can harvest during some particular time period. Used to set the fishing limits for individual transferable quotas (ITQs).

Pacific Halibut

A species of flatfish found in the North Pacific Ocean, known for its commercial and recreational value.

ITQs

Individual Transferable Quotas, a common market-based tool used to regulate fishing efforts and conserve fish stocks by allocating specific catch limits to fishers.