Suppose That a Person's Nominal Income Rises by 5 Percent

question 17

Multiple Choice

Suppose that a person's nominal income rises by 5 percent and the consumer price index rises from 125 to 130.The person's real income will:

• A)fall by about 1 percent
• B)remain constant
• C)rise by about 4 percent
• D)fall by about 4 percent
• E)rise by about 1 percent

Understand the role of technology in improving job efficiency.

Comprehend the use of Learning Management Systems (LMS) in accessing educational content.

Understand the difference between compensation systems and reward systems.

Grasp the importance of an effective compensation system to organizational success.

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