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Assume the CPI increases from 100 to 110 and a person's nominal income increases from $50,000 to $55,000 over the same period. This person's real

Assume the CPI increases from 100 to 110 and a person's nominal income increases from $50,000 to $55,000 over the same period. This person's real income has...

-increased by 5%

-increased by 10%

-increased by 20%

-increased by 25%

-remained the same

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