Question

Your boss is impressed with your work and gives you a 3% raise.if the inflation rate is 3% you are

A) making more money in today's dollars
B) making about the same amount in today's dollars
C) making less money in today's dollars
D) seeing no change in your paycheck

Answer 1

B) making about the same amount in today's dollars

Answer 2

Answer: The answer is (B) making about the same amount in today's dollars.

Step-by-step explanation: Given that our boss is impressed with our work and give us a 3% raise.

We are to select the correct statement if there is an inflation of 3%.

Since the raise of 3% and inflation rate of 3% occur simultaneously, so there will not be much change in the amount of money we are making in dollars.

Thus, (B) is the correct option.