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Margaret [11]
3 years ago
15

Suppose your nominal income this year is 5 percent higher than last year. if the inflation rate for the period was 3 percent, th

en your real income was:
a. increased by 8 percent.
b. increased by 1.67 percent.
c. increased by 2 percent.
d. decreased by 0.6 percent. 1 points save answer
Business
1 answer:
Lisa [10]3 years ago
3 0
C. increased by 2 percent

5 - 3 = 2
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4 0
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