Suppose that nominal national income in some country fell from $100 billion to $95 billion during the year. Over the same period, inflation was 5 percent. Therefore the real national income in this country
A) fell by 10 percent.
B) fell by 5 percent.
C) was unaffected.
D) rose by 5 percent.
E) rose by 10 percent.
Correct Answer:
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