If your nominal income in 1998 is $50,000, and prices increase by 50% between 1998 and 2008, then to…


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If your nominal income in 1998 is $50,000, and prices increase by 50% between 1998 and 2008, then to… 1 answer below ยป If your nominal income in 1998 is $50,000, and prices increase by 50% between 1998 and 2008, then to have the same real income, your nominal income in 2008 must be A) $50,000. B) $75,000. C) $100,000. D) $150,000. 10) To convert a nominal GDP to a real GDP, you would use A) the PCE deflator. B) the CPI measure. C) the GDP deflator. D) the PPI measure. Jul 08 2014 12:39 PM

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