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Arvi,a College Teaching Assistant,received a Raise of $800 from $18,000

Question 42

Multiple Choice

Arvi,a college teaching assistant,received a raise of $800 from $18,000 to $18,800 this year.If inflation was 3 percent over the same period,which of the following is true?


A) Arvi's increase in real income was $800.
B) Arvi's increase in real income was 4.4 percent.
C) Arvi's increase in real income was $252
D) Arvi's increase in real income was $252.

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