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Suppose that person's nominal income rises from $10,000 to $12,000 and the customer price index rises from 100 to 110 the person's real income will

Suppose that person's nominal income rises from $10,000 to $12,000 and the customer price index rises from 100 to 110 the person's real income will be ?

a) fall by 10%

b) fall by 5%

c) rise by about 20%

d) rise by about 10%

e) rise by about 5%

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