The base period is 2001. Your monthly paycheck is $1,000. You received a $50 per month raise in 2002.?

The CPI in 2002 (base 2001) was 107. Which of the following statements best describes your situation?








A) You are better off since your nominal wage increased.


B) You are better off since your real wage increased.


C) You are worse off since your nominal wage decreased.


D) You are worse off since your real wage decreased.





Im thinking B or D, any help would be great.|||B you were half right!