Suppose that your income during Year Y was $50,000, and the CPI for Year Y was 150 (base year = Year X). Back in Year X your income was $30,000. Has your real income increased or decreased from Year X to Year Y? By how much?
A) Increased by $5,000.
B) Increased by $3,333.33.
C) Unchanged.
D) Decreased by $3,333.33
E) Decreased by $5,000."
