Tyler's pay raise was $3,500 in the past year. Inflation was 4 percent over the same time period. How much is Tyler's pay raise in real income? a. $3,365 Ob. $3,500 c. $4,015 d. $835

Tyler's pay raise was $3,500 in the past year. Inflation was 4 percent over the same time period. How much is Tyler's pay raise in real income? a. $3,365 b. 53,500 C. $4,015 d. 5835