If nominal salary of an employee rose from ₹20,000 in 2015 to ₹36,000 in 2022, while CPI (base 2015=100) rose to 200 in...

Type: MCQ • Marks: 1

If nominal salary of an employee rose from ₹20,000 in 2015 to ₹36,000 in 2022, while CPI (base 2015=100) rose to 200 in 2022, real income has:

A. Increased by ₹2,000

B. Increased by ₹16,000

C. Remained unchanged

D. Decreased by ₹2,000

Explanation

Real Salary 2022 = (36000 / 200) * 100 = ₹18,000. Base Real Salary 2015 = ₹20,000. Net change = 18,000 - 20,000 = -₹2,000 (Decreased by ₹2,000).

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