Suppose That Nominal National Income in Some Country Increased by 10

question 42

Multiple Choice

Suppose that nominal national income in some country increased by 10% during the year,when inflation was 5%.Therefore the real national income

• A)fell by 10%.
• B)fell by 5%.
• C)was unaffected.
• D)rose by 5%.
• E)rose by 10%.

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