If a person's nominal income increases by 2% while the price level increases by 6%, the person's real income:
A)increases by about 2%.
B)increases by about 4%.
C)decreases by about 6%.
D)decreases by about 2%.

Question

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The Answer of If a person's nominal income increases by 2% while the price level increases by 6%, the person's real income:
A)increases by about 2%.
B)increases by about 4%.
C)decreases by about 6%.
D)decreases by about 2%.

If a Person's Nominal Income Increases by 2% While the Price