What economics is all about

Outcomes and activities
 Suppose you earn R8 000 per month while your friend earns R15 000. Your annual salary increase is 10 per cent (%), while your friend receives only 8 per cent (%).

i. What is 10% of R8 000?

ii. What is 8% of R15 000?

iii. Why is your friendís salary increase, in rand terms, more than your increase in rand terms?