Suppose Your Annual 2001 Salary Was $40,000 and Your 2006

question 67

Essay

Suppose your annual 2001 salary was $40,000 and your 2006 salary was $52,000. Assume the annual CPI rose from 177.1 to 202.9 during this period of time. In which year was your "real" income larger?

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Definitions:

Average Function

A mathematical operation in spreadsheet programs that calculates the mean value of a selected range of cells.

Right Parenthesis

The closing bracket in a pair of parentheses, used to enclose text or numbers, symbolized as ")".

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Specific Theme

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