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Suppose a worker is making $ 50,000 per year in 1992. In 2022 they are making $ 100,000 per year . Has their nominal income

Suppose a worker is making $ 50,000 per year in 1992. In 2022 they are making $ 100,000 per year . Has their nominal income gone up or down ? By how much ? Has their real income gone up or down ? By how much

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