The cost of the consumer basket of Peter, Mary, Jane, Sam and Lisa rose 6%, 8%,...
The cost of the consumer basket of Peter, Mary, Jane, Sam and Lisa rose 6%, 8%, 7%, 4%, and 5% respectively last year. If the annual inflation rate of the economy is 5%, who had gained the most in real income share?
A. Peter
B. Mary
C. Sam
D. Lisa
E. Jane
Homework Answers
"D"
LIsa gained the most i..e didn't lost any value to the inflation in the market as compared to other in the market because others have lost some value of the income due to inflation in the market.
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The cost of the consumer basket of Peter, Mary, Jane, Sam and
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