Assume Your Uncle Recorded His Salary History During a 40-Year

question 107

Multiple Choice

Assume your uncle recorded his salary history during a 40-year career and found that it had increased 10-fold.If inflation averaged 4% annually during the period,how would you describe his purchasing power,on average?

• A) His purchasing power remained on par with inflation.
• B) He "beat" inflation by nearly 1% annually.
• C) He "beat" inflation by slightly below 2% annually.
• D) He "beat" inflation by 5% annually.

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Definitions:

Deltoid

A large, triangular muscle covering the shoulder joint that is responsible for lifting the arm and giving the shoulder its range of motion.

Triceps Brachii

A muscle of the upper arm, responsible for extension of the elbow joint.

Forearm

The region of the arm between the elbow and the wrist, comprising two bones: the radius and the ulna.

Muscle Bellies

The central, fleshy, contractile parts of muscle tissue that swell during contraction and are responsible for generating force.