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You are pleased to see that you have been given a 5.00% raise this year. However, you read on the Wall Street Journal Web site

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You are pleased to see that you have been given a 5.00% raise this year. However, you read on the Wall Street Journal Web site that inflation over the past year has been 2.00% How much better off are you in terms of real purchasing power? (Note: Be careful not to round any intermediate stops loss than six decimal places.) Your real purchasing power is % (Round to two decimal places)

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