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  3. year 2015 2016 2017 2018 nominal salary $48,000

Year 2015 2016 2017 2018 Nominal Salary $48,000 $49,500 $50,000 $53,000 ...

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Question

Finance

Year 2015 2016 2017 2018
Nominal Salary $48,000 $49,500 $50,000 $53,000
Price Level 150 153 158 161
Real Salary

What was the Average per year % increase in REAL salary between 2015 and 2018 ?

Group of answer choices

A. 0.92%

B. 0.99%

C. 0.95%

D. 0.97%

Answer & Explanation Solved by verified expert
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