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Suppose that nominal national income in some country fell from $100 billion to $95 billion during the year. Over the same period, inflation was 5%.

Suppose that nominal national income in some country fell from $100

billion to $95 billion during the year. Over the same period, inflation was

5%. Therefore the real national income in this country

A) was unaffected.

B) fell by 10%.

C) rose by 5%.

D) rose by 10%.

E) fell by 5%.

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