Question: An executives salary increased from $95,000 to $130,000 between 2000 and 2007, but the Consumer Price Index went from 172.2 to 207.3 during this time

An executive’s salary increased from $95,000 to $130,000 between 2000 and 2007, but the Consumer Price Index went from 172.2 to 207.3 during this time span. In terms of real income, what was the percentage increase or decrease in the executive’s real earnings?

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