Business, 25.07.2019 13:30 crystallisa00

Suppose your nominal income this year is 5 percent higher than last year. if the inflation rate for the period was 3 percent, then your real income was: a. increased by 8 percent. b. increased by 1.67 percent. c. increased by 2 percent. d. decreased by 0.6 percent. 1 points save answer

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