Essay
If real income has risen from $5 trillion to $5.3 trillion and the price level went up by 12%,by what dollar amount has nominal income risen?
Correct Answer:
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Real = nominal 
price index so...View Answer
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Correct Answer:
Verified
Real = nominal price index so...
price index so...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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