Question: Answer the question below based on the following price and output data over a five-year period for an economy that produces only one good. Assume

 Answer the question below based on the following price and output

data over a five-year period for an economy that produces only one

Answer the question below based on the following price and output data over a five-year period for an economy that produces only one good. Assume that year 3 is the base year. If year 3 is the base year, the Consumer Price Index for year 4 is O 200 90 125 150 Question 10 (5 points) ) Listen A person's real income will increase by 5% if her nominal income increases by 2% while the price index riese by 5%, 5% while the price index rises by 2%. 3% while the price index falls by 8%. 7% while the price index rises by 2%. Question 11 (5 points) ) Listen

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