Asked by Anonymous
If the average level of nominal income in a nation is $21,000 and the price level index is 154, the average real income is about:-
a)$12,546 b)$13,636 c)$15,299 d)$17,823
a)$12,546 b)$13,636 c)$15,299 d)$17,823
Answers
Answered by
bobpursley
real income= avglevel/priceindex
Answered by
Anonymous
$13636
Answered by
Anonymous
$13,636
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