What is real income?
A) It is nominal income times the price level.
B) It is nominal income divided by the price level.
C) It is the change in nominal income divided by the price level.
D) It is the change in nominal income divided by the change in the price level.
E) It is the change in nominal income minus the change in the price level.
Correct Answer:
Verified
Q92: Assume that in 2016,prices increased by 2%
Q93: How can the percentage change in real
Q94: Which of the following is correct?
A)If nominal
Q95: What is deflation?
A)A fall in the price
Q96: How is the real interest rate determined?
A)By
Q98: A lender may be hurt by inflation
Q99: What is the difference between nominal income
Q100: Using the "rule of 70",how can we
Q101: What is demand-pull inflation caused by?
A)Excessive wage
Q102: What is the best definition of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents