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poizon [28]
3 years ago
9

In 2002 Ortega's nominal income rose by 4.6 percent and the price level rose by 1.6 percent. We can conclude that Ortega's real

income: a may have either increased or decreased. b rose by 6.2 percent. c rose by 3 percent. d fell by 13 percent.
Business
1 answer:
monitta3 years ago
4 0

Answer:

c rose by 3 percent.

Explanation:

Real income is nominal income less price level changes.

Real income = nominal income - changes in price level

4.6 % - 1.6% = 3%

I hope my answer helps you

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