Question

The news reported that inflation will rise

2.5% this year. If you make the average
family income, how much would your
annual income have to increase to buy as
much in one year as you can today?​

Answer 1

$1,500

Explanation:

A 2.5% increase in the $60,000 average family income would be required:

0.025 × $60,000 = $1,500

Your annual income would have to increase by $1,500.