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Problem 4 Mr. Brown got an annual income of $80,000 in year 2009 and after the increase in price levels in 2010, he got an

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Problem 4 Mr. Brown got an annual income of $80,000 in year 2009 and after the increase in price levels in 2010, he got an income increase of 15 percent. The consumer price indices were 80 and 95 in years 2009 and 2010 respectively. What is Mr. Brown's Real income in year 20097 b. How much did Mr. Brown's income become after the income increase in 2010? c. Did Mr. Brown's income keep with inflation that occurred between 2009 and 2010? If not, how much should his income increase to keep with inflation

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