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A If Hyunju's annual real income doubles every 29 years, then her average annual real income growth rate must be __________ percent. Your Answer: Suppose
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If Hyunju's annual real income doubles every 29 years, then her average annual real income growth rate must be __________ percent. Your Answer: Suppose rate of inflation for 2010 was 4 percent. If the CPI for 2010 was 109, the CPI in 2009 must have been Suppose that Hyunju's nominal income rises by 3 percent and the consumer price index rises by 10 percent. Then, Hyunju's real income will change by ___________ percent. YourStep by Step Solution
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