Suppose that your income during Year X was $50,000 . and the CPI for Year X was 150 (base year = Z=100). Back in Year Z your income was $30,000 . Has your real income increased or decreased from Z to year X? By how much?

a. Increased by $5,000.
b. Increased by $3,333.
c. Unchanged.
d. Decreased by $3,333.
e. Decreased by $5,000.

b

Economics

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One reason why many low-income countries experience low rates of growth is because of poor public education and health

Indicate whether the statement is true or false

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Around 1910, the ______________ changed everything, including what was inside the home to where the homes were located

a. Airplane b. Radio c. Automobile d. Television

Economics