The consumer price index (CPI) rose from 106.7 to 124.9, while Helen's net salary didn't change at all. Calculate the relative real change in Helen's salary (purchasing power) as percentage.
The consumer price index (CPI) rose from 106.7 to 124.9, while Helen's net salary didn't change at all. Calculate the relative real change in Helen's salary (purchasing power) as percentage.
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.5: Linear Functions And Models
Problem 5E
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The consumer price index (CPI) rose from 106.7 to 124.9, while Helen's net salary didn't change at all. Calculate the relative real change in Helen's salary (purchasing power) as percentage.
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