1.3. In year 1, your annual income is $45,000 and the CPI is 143.6; in year 2,...
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1.3. In year 1, your annual income is $45,000 and the CPI is 143.6; in year 2, your annual income is $51,232 and the CPI is 150.7. Has your real income risen, fallen, or remained constant?
Explain your answer.
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