Question: Use the information in the table to answer the question. Year Nominal Salary Price Level Real Salary 2015 2016 2017 2018 $50,812 $51,237 $$52,582 $54,140

Use the information in the table to answer the question. Year

Use the information in the table to answer the question. Year Nominal Salary Price Level Real Salary 2015 2016 2017 2018 $50,812 $51,237 $$52,582 $54,140 154 158 170 176 What was the % increase in NOMINAL salary between 2015 and 2016? State your answer to two decimal places, but leave off the % sign. For example, 1.24

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