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12-04-2024
Mathematics

contestada

In Year 1, the price level was 132 and the average nominal income was $35,000. In Year
2, the price level was 138 and the average nominal income was $36,000. What was the
approximate change in real income from Year 1 to Year 2?
Multiple Choice
О
It fell by $380
О
It fell by $430
It rose by $215
It rose by $165

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