et 1.3 : Real total pay growth 3 month average, % year on year growth

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A. The OBR forecasts the growth will remain between 1% and @% between 2016 and 2021. 

B. The real total pay growth outturn remained between -2% and 2% from 2010 and 2016

C. The OBR forecasts the growth will remain above 1% between 2016 and 2021

D. The real total pay growth outturn exceeded 3% at some point between 2010 and 2016

The graph below shows the three-month average percentage year-on-year growth for real total pay for the years 2010–2016, along with the Office for Budget Responsibility's (OBR's) growth forecast for the years 2016–2021.
Chart 1.3 : Real total pay growth
6.
3 month average, % year on year growth
4
2
1
-1
-2
-3
-4
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Real total pay growth outturn ------OBR forcast
What can be concluded from this graph?
3.
Transcribed Image Text:The graph below shows the three-month average percentage year-on-year growth for real total pay for the years 2010–2016, along with the Office for Budget Responsibility's (OBR's) growth forecast for the years 2016–2021. Chart 1.3 : Real total pay growth 6. 3 month average, % year on year growth 4 2 1 -1 -2 -3 -4 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Real total pay growth outturn ------OBR forcast What can be concluded from this graph? 3.
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