Question
Y6 In 2022, Steve's nominal income rose by 7.2 percent and the price level rose by 8.6 percent. We can conclude that Steve's real income:
Y6
In 2022, Steve's nominal income rose by 7.2 percent and the price level rose by 8.6 percent. We can conclude that Steve's real income:
Group of answer choices
fell by approximately 8.6 percent.
rose by approximately 7.2 percent.
fell by approximately 1.4 percent.
rose by approximately 15.8 percent.
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International Trade
Authors: John McLaren
1st edition
0470408790, 978-0470408797
