Suppose youll have an annual nominal income of 40000 for


Suppose you'll have an annual nominal income of $40,000 for each of the next 3 years, and the inflation rate is 4% per year.

a) find the real value of your $40,000 salary for each of the next 3 years.

Year 1

Year 2

Year 3

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Macroeconomics: Suppose youll have an annual nominal income of 40000 for
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