Thursday
March 30, 2017

Post a New Question

Posted by on .

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 - ,

    NO
    50000x5%
    =2500
    50000-2500=47500

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question