Given the following figures, by approximately what percentage did Aiden's real income increase between 2004 and 2005? Aiden's 2004 money income = $50,000 Aiden's 2005 money income = $55,000 2004 CPI = 120.0 2005 CPI = 128.0
a. zero
b. 3.1 percent
c. 6.7 percent
d. 10 percent
B
Economics
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