Question: please answer 20 pts Question 5 Use the information in the table to answer the question. 2016 Year 2015 2017 2018 Nominal Salary $55,000 $57,600

please answer 20 pts Question 5 Use the information in the table please answer

20 pts Question 5 Use the information in the table to answer the question. 2016 Year 2015 2017 2018 Nominal Salary $55,000 $57,600 $58,752 $61,690 Price Level 153 158 161 150 Real Salary What was the % increase in NOMINAL salary between 2015 and 2016? 4.84% O 4.59% 4.73% O 4.94%

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