If your income rises at 5 percent and inflation has risen at 2 percent, then the purchasing power of your income has

Name: If your income rises at 5 percent and inflation has risen at 2 percent, then the purchasing power of your income has
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Question

Quizplus · Accepted Answer

If your income rises at 5%, but inflation has only risen at 2%, then your purchasing power will increase. This means that you will be able to buy more goods and services with your income, despite the rise in prices due to inflation.

If Your Income Rises at 5 Percent and Inflation Has