Question: Use the information in the table to answer the question. Year 2015 2016 2017 2018 Nominal Salary $55,000 $56,650 $57,783 $60,672 Price Level 117 119

Use the information in the table to answer the question. Year 2015 2016 2017 2018 Nominal Salary $55,000 $56,650 $57,783 $60,672 Price Level 117 119 121 123 Real Salary

What was the Average per year % increase in REAL salary between 2015 and 2018 ?

Group of answer choices

1.69%

1.66%

1.62%

1.57%

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