Answer on Macroeconomics Question for timson
Change in real income = Change in nominal income -Changein prices level So
-1 percent = 4 percent - Change in prices level Change inprices level = 4 percent + 1 percent Change in prices level = 5 percent
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!