Multiple Choice
Suppose that nominal national income in some country fell from $100 billion to $95 billion during the year.Over the same period,inflation was 5%.Therefore the real national income in this country
A) fell by 10%.
B) fell by 5%.
C) was unaffected.
D) rose by 5%.
E) rose by 10%.
Correct Answer:
Verified
Correct Answer:
Verified
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