(Table 1: Econia's Consumer Price Index and Salary Data, 2008 and 2018) Table 1 provides data on Econia's Consumer Price Index (CPI) and average salaries for two years. A newspaper headline states "Well-being of Econia's workers doubles over decade." Was this headline correct?
A) Yes; average salary doubled.
B) Yes; average salary rose twice as fast as the price level.
C) No; salaries adjusted for the price level did not double.
D) No; real salaries rose twice as fast as prices.
Correct Answer:
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