Question Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was 235 in 2014 and 240 in 2015. The rate of inflation between 2014 and 2015 was therefore % _____ . (Note: Calculate this to two decimal places.) From 2014 to 2015 your real wages _____ . (increased, decreased or stayed the same)

DYQZ8L The Asker · Economics

Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was 235 in 2014 and 240 in 2015. The rate of inflation between 2014 and 2015 was therefore % _____ . (Note: Calculate this to two decimal places.)

From 2014 to 2015 your real wages _____ . (increased, decreased or stayed the same)

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{:[C*P*I_(2014)=235],[" ci.P. "I_(2015)=240],[" Rate of Inflation "=(C*P*I_(2015)-C*P*I_(2014))/(C*P*I_(2014))xxI_(00)],[=>(240-235)/(235)xx100],[= ... See the full answer