Homework Help: Economics

Posted by kj on Monday, November 26, 2012 at 11:21pm.

Suppose you earned $50,000 last year, and inflation is at 5%. You receive a salary increase of $2,000. Explain your increase salary in nominal and real terms. Did you receive an increase?

Economics - kan, Monday, November 26, 2012 at 11:27pm
NO
50000x5%
=2500
50000-2500=47500

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