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2 0 2 0 is the CPI base year and the 2 0 2 4 CPI = 1 0 5 If you receive a pay

2020 is the CPI base year and the 2024 CPI =105
If you receive a pay raise of 3%, which of the following is correct
a 2% nominal wage decrease
a 3% nominal wage decrease
a 2% real wage decrease
a 5% real wage increase
Both A and C are correct
Both B and C are correct
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