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The Table Shows How the Salary of an Individual Will  A changing Measuring Stick  \quad \quad \quad \quad \quad \text { A changing Measuring Stick }

Question 38

Multiple Choice

The table shows how the salary of an individual will increase after 40 years and how price level will increase for the same period. What will be the real income x for the individual in 2060?  A changing Measuring Stick  \quad \quad \quad \quad \quad \text { A changing Measuring Stick }

 Year  Nominal  Income  Price  Level  Real  Income 2020$30,0001.0$30,0002060$180,0003.0X\begin{array}{|c|c|c|c|}\hline \text { Year } & \begin{array}{c}\text { Nominal } \\\text { Income }\end{array} & \begin{array}{c}\text { Price } \\\text { Level }\end{array} & \begin{array}{c}\text { Real } \\\text { Income }\end{array} \\\hline 2020 & \$ 30,000 & 1.0 & \$ 30,000 \\\hline 2060 & \$ 180,000 & 3.0 & \mathbf{X} \\\hline\end{array}


A) $90,000
B) $60,000
C) $540,000
D) $150,000

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