21. If the percentage change in nominal income is 20% and Percentage change in price level is 15 %, what is the percentage change in real income? (Economic indicators)

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Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
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21. If the percentage change in nominal income is 20% and Percentage change in price level is 15 %,
what is the percentage change in real income? (Economic indicators)
Transcribed Image Text:21. If the percentage change in nominal income is 20% and Percentage change in price level is 15 %, what is the percentage change in real income? (Economic indicators)
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