Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

The table gives the figures for Consumer Prices Index (CPI) and one worker’s earnings in 2022 and 2023. CPI 2022 100; CPI 2023 110; worker’s earnings 2022 $20 000; worker’s earnings 2023 $25 000. What is the real value of the worker’s earnings in 2023 compared with 2022?

  • A$18 182
  • B$22 727
  • C$25 000
  • D$27 500

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