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What was the increase in the real income from year 3 to year 4 (in percentage)? b.8. Assume the following data apply to a certain
What was the increase in the real income from year 3 to year 4 (in percentage)? b.8. Assume the following data apply to a certain economy: Nominal CPI income Year1 $50,000 100 Year2 $60,000 110 Year3 $70,000 115 Year4 $80,000 120 a. Find real income in year 2
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