If your nominal income rose by 53 percent and the price


If your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year, by what percentage would your real income increase and what would be the change if the nominal income rose by 2.8 percent and the real income rose by 1.1?

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Econometrics: If your nominal income rose by 53 percent and the price
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