Mia Denton was an accountant in 1943 and earned $21,000 that year. Her son was an accountant too and he earne $27,000 in 1944. Suppose the price index was 18.3 in 1943 and 20.2 in 1944. Refer to Scenario 24-1. In real terms, the income of Mia's son amounts to about what percentage of Mia's income in 1943? a) 8.6 percent b) 116.48 percent c) 12.9 percent d) 1.1 percent

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