Over the course of a year, two changes took place in a company. The salaries of the company directors rose by 15%. The wages of office workers rose by 5%. The inflation rate was 3.4%. What happened to real income?
- Acompany directors’ real income fell; office workers’ real income fell
- Bcompany directors’ real income fell; office workers’ real income rose
- Ccompany directors’ real income rose; office workers’ real income fell
- Dcompany directors’ real income rose; office workers’ real income rose