The consumer price index (CPI) rose from 105.9 to 113.4, while Helen's net salary decreased 7.0 %. Calculate the relative real change in Helen's salary (purchasing power) as percentage.
The consumer price index (CPI) rose from 105.9 to 113.4, while Helen's net salary decreased 7.0 %. Calculate the relative real change in Helen's salary (purchasing power) as percentage.
Chapter17: Inflation
Section: Chapter Questions
Problem 5SQ
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The consumer price index (CPI) rose from 105.9 to 113.4, while Helen's net salary decreased 7.0 %. Calculate the relative real change in Helen's salary (purchasing power ) as percentage.
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