Your paycheque for the year is higher this year than last year. Does that mean that your real income has increased?

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter4: Going Into Debt
Section4.1: Americans And Credit
Problem 6R
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Your paycheque for the year is higher this year than last year. Does that mean that your real income has increased?

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