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Use the information in the table to answer the question. Year 2015 2016 2017 2018 Nominal Salary $53,000 $53,800 $55,000 $57,000 Price Level 120 123
| Use the information in the table to answer the question. | ||||
| Year | 2015 | 2016 | 2017 | 2018 |
| Nominal Salary | $53,000 | $53,800 | $55,000 | $57,000 |
| Price Level | 120 | 123 | 128 | 131 |
| Real Salary | ||||
What was the Average per year % increase in REAL salary between 2015 and 2018 ?
Group of answer choices
-0.51%
-0.48%
-0.50%
-0.52%
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
6th International Edition
0071229035, 978-0071229036
