If the consumer price index (CPI) increases by 2 percent and your nominal income increases by 8 percent, your real income has approximately

🎲 Try a Random Question  |  Total Questions in Quiz: 28  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Macroeconomics Practice Test — practice the complete quiz, review flashcards, or try a random question.


If the consumer price index (CPI) increases by 2 percent and your nominal income increases by 8 percent, your real income has approximately