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Use the information in the table to answer the question. Year 2015 2016 2017 2018 Nominal Salary $55,000 $56,650 $57,783 $60,672 Price Level 117 119
Use the information in the table to answer the question. | ||||
Year | 2015 | 2016 | 2017 | 2018 |
Nominal Salary | $55,000 | $56,650 | $57,783 | $60,672 |
Price Level | 117 | 119 | 121 | 123 |
Real Salary |
What was the Average per year % increase in REAL salary between 2015 and 2018?
Group of answer choices
A)1.62%
B)1.69%
C)1.66%
D)1.57%
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