In 2010, the average price level in Macroland is 130, and in 2015, the price level rises to 162. During the same time period, Inga's salary rises from $70,000 to $85,000. Over this time period, the purchasing power of Inga's income:
A) fell by 3.2%.
B) rose by 21.4%.
C) fell by 9.4%.
D) rose by 24.6%.
Correct Answer:
Verified
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