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GoodMad_ GoodMad_
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7 years ago
Rob's income was $20,000 in 2005 and $22,000 in 2006. If inflation was 6% in 2006, then we can say that Rob's 2006 income
A) exceeded the inflation rate by 4%.
B) lagged the inflation rate by 2%.
C) simply matched the inflation rate.
D) fell behind the inflation rate.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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bzapianbzapian
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