If real income increases while nominal income remains the same, it can be inferred that
A.
unemployment rate has decreased
B.
general prices have fallen
C.
employment rate has risen
D.
general prices have risen
Answer: B
To see detailed solution to this question and thousands of other questions offline, download TestDriller UTME. Practice rigorously for UTME, enjoy educational games, summary of JAMB literature books, compete with your peers, win prizes and more.