1. Business
  2. Economics
  3. this section contains five questions each question is worth 4...

Question: this section contains five questions each question is worth 4...

Question details

This section contains five questions. Each question is worth 4 marks. For each question, explain whether the given statement is true, false or uncertain. Start your answer by selecting one of the options – “True”, “False” or “Uncertain” and then provide arguments to justify your selection (be brief and concise and present your arguments in 100 or less words). You need to ensure your assumptions are clear, reasonable and explicit if making any. 

 

Question 2

Susan started her new job as an editorial assistant in prestigious media company in 2018. She negotiated on a wage contract where for next two years (till 2020), her salary was indexed to rise by 1% each year. In 2019, actual CPI inflation turned out to be 2%.  This has negatively affected Susan’s purchasing power and she was not able to afford the same standard of living as before.

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