Real salary increase after taking inflation into account

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Reference no: EM131978337

Your salary recently increased from $42,000 to $45,000 per year, an increase of about 7%. According to bls.gov, inflation was 2.1% in 2017.

• What is your Real Income in 2017 as compared to the previous year? (Show calculation)

• What was your real salary increase after taking inflation into account? (Show calculation)

Reference no: EM131978337

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