Suppose the median household earned $9,063 in 1976 and $52,704 in 2016. During that time, also suppose

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Suppose the median household earned $9,063 in 1976 and $52,704 in 2016. During that time, also suppose the CPI rose from 51.9 to 212.96.

Suppose the median household earned $9,063 in 1976 and $52,704 in 2016. During that time, also suppose the CPI rose from 51.9 to 212.96. Instructions: Round your answers to one decimal place. a. The total growth rate in nominal median household income from 1976 to 2016 was: B.. ..........: b. The total growth rate in real median household income from 1976 to 2016 was: %

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Suppose the median household earned $9,063 in 1976 and $52,704 in 2016. During that time, also suppose

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