Rob’s income was $20,000 in 2005 and $22,000 in 2006. If inflation was

Rob’s income was $20,000 in 2005 and $22,000 in 2006. If inflation was 6% in 2006, then we can say that Rob’s 2006 income

A)

simply matched the inflation rate.
B)

fell behind the inflation rate.
C)

exceeded the inflation rate by 4%.
D)

lagged the inflation rate by 2%.

ANSWER

C