Mathematics
Mathematics, 19.02.2021 05:10, jstyopin

Suppose your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year. Instructions: Round your answers to 1 decimal place. a. By what percentage would your real income (approximately) increase?

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Suppose your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year...

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