T6 EIC 4 (Lecture)
Over the year to current date, Bob is happy to have received a wage increase of 1%. Examining the latest Annual change in CPI from the RBA website, as you've been directed to in Lectures, which one of the following statements is correct? (hint: find out what Purchasing Power means, using a search engine)

Question

T6 EIC 4 (Lecture) 
 Over the year to current date, Bob is happy to have received a wage increase of 1%.  Examining the latest Annual change in CPI from the RBA website, as you've been directed to in Lectures, which one of the following statements is correct? (hint: find out what Purchasing Power means, using a search engine)

Answer

After calculating Bob's real wage growth, Bob has experienced a significant wage increase.

Answer

After calculating Bob's real wage growth, Bob has experienced a large wage cut.

Answer

After calculating Bob's real wage growth, Bob has the same purchase power as a year ago.

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T6 EIC 4 (Lecture) Over the year to current date, Bob is happy to have receive...

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