What is the exact total percentage increase in the real
Suppose that, over a time period lasting 3 years, the nominal wage rises by 5% per year. Over the same time period, the annual rate of inflation is 3%. What is the exact total percentage increase in the real wage over this entire time period.
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suppose that over a time period lasting 3 years the nominal wage rises by 5 per year over the same time period the
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