Question
You are pleased to see that you have been given a 5.85% raise this year. However, you read on the Wall Street Journal Web site
You are pleased to see that you have been given a
5.85% raise this year. However, you read on the Wall Street Journal Web site that inflation over the past year has been 2.32%.
How much better off are you in terms of real purchasing power?
(Note: Be careful not to round any intermediate steps less than six decimal places.)
Your real purchasing power is ...?
(Round to two decimal places.)
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The Palgrave Handbook Of Government Budget Forecasting
Authors: Daniel Williams, Thad Calabrese
1st Edition
3030181944, 978-3030181949
