The percentage change in one's real income can be approximated by:
A. the percentage change in price level minus the percentage change in nominal income.
B. the percentage change in nominal income minus the percentage change in the price level.
C. dividing the price level, expressed as an index number, by nominal income.
D. dividing real income by the price level, expressed as an index number.
Answer: B
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investment.
A way to summarize the actions and payoffs of a sequential game is to use a:
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