One family earned an income of $28,000 in 2000.Over the next five years,their income increased by 15%,while the consumer price index (CPI) increased by 20%.After five years,this family's nominal income ________ and their real income ________.
A) decreased;decreased
B) decreased;increased
C) increased;did not change
D) increased;increased
E) increased;decreased
Correct Answer:
Verified
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