Question: Question 42 1 pts Over the last five years John salary has risen in nominal terms from $50,000 to $63,814. Over those same five years,

Question 42 1 pts Over the last five years John salary

Question 42 1 pts Over the last five years John salary has risen in nominal terms from $50,000 to $63,814. Over those same five years, inflation has averaged 2% per year, each year. Based on this data, what was John's average per year raise in real terms over the five years? 2.71% 5.12% 2.94% 5.00%

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