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The Consumer Price Index (CPI) increased from 180 to 187 over a given year, A firms nominal profit increased from $125 million last year to
The Consumer Price Index (CPI) increased from 180 to 187 over a given year, A firms nominal profit increased from $125 million last year to $135 million this year. What is the rate of change in the real (inflation adjusted) profit?
Approximately 3%
Approximately 4%
Approximately 5%
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