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The Percentage Change in One's Real Income Can Be Approximated

Question 246

Multiple Choice

The percentage change in one's real income can be approximated by


A) the percentage change in price level divided by the percentage change in nominal income.
B) the percentage change in nominal income divided by the percentage change in price level.
C) the percentage change in price level minus the percentage change in nominal income.
D) the percentage change in nominal income minus the percentage change in the price level.

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