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The CPI was equal to 213.2 last year and 246.2 this year. Barry Zuckercorn, who is a very good attorney, had an income of $40,000
The CPI was equal to 213.2 last year and 246.2 this year. Barry Zuckercorn, who is a very good attorney, had an income of $40,000 last year and got a raise to $45,000 this year. Calculate his real income for last year in today's dollars. Is Barry better off? Group of answer choices $51,965. Yes, because his income growth exceeded the inflation rate $34,639. No, because the inflation rate exceeded his income growth $38,968. No, because the inflation rate exceeded his income growth $46,191 Yes, because his income growth exceeded the inflation rate
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