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If your income increased from $21,000 to $26,000 during a period when the rate of inflation was 4 percent, your real income after the raise

If your income increased from $21,000 to $26,000 during a period when the rate of inflation was 4 percent, your real income after the raise was

$23,000.

$25,000.

$24,000.

$26,000

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