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Question: suppose that jamess income in year 1 was 43000 over...

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Suppose that Jamess income in Year 1 was $43,000. Over the next four years his income increases by 5% per year. At the same time. the economy experiences an inflation rate of 4% per year. a. Complete the table below. Do not round your intermedlate calculations. Enter your final responses as a whole number for Nominal Income and Real Income Enter your final responses for the price Index rounded to one declmal place. Year Nominal incomePrice index Real income $4300 $43,000 100 2 3 4 5 b. At the end of Year 5, Jamess real income will be$

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