How Can the Percentage Change in Real Income from One

Multiple Choice

How can the percentage change in real income from one year to the next be calculated?

A) As the percentage change in nominal income plus the percentage change in the price level.
B) As the percentage change in nominal income minus the percentage change in the price level.
C) As the percentage change in nominal income divided by the percentage change in the price level.
D) As the percentage change in the price level minus the percentage change in nominal income.
E) As the percentage change in nominal income multiplied by the inflation rate.