Business, 12.08.2020 04:01 cynthiauzoma367

The Bureau of Labor Statistics reported the CPI stood at 215.9 in December 2009, while one year earlier it was 210.2. Suppose Janice's nominal income rose by 4% from December 2008 to December 2009 while Jeff's increased by only 2%. By what percentage did each of their real incomes change?

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The Bureau of Labor Statistics reported the CPI stood at 215.9 in December 2009, while one year earl...

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