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The monthly income of Fred was $3000 a month in 2005. The price of a full shopping cart was $250. After 10 years, in 2015,
The monthly income of Fred was $3000 a month in 2005. The price of a full shopping cart was $250. After 10 years, in 2015, Fred's income increased to $5,000 and the price of the same exact shopping cart became $600. According to the following information, Fred's real income: Decreased by 30.58% Increased by 44.57% Increased by 40% Decreased by 40% Decreased by 140%
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
