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MMLU-Pro / 7218 / If your nominal income rises 4 percent and your real income falls 1 percent by…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

If your nominal income rises 4 percent and your real income falls 1 percent by how much did the price level change?

category

economics

options

  1. 4 percent increase
  2. 3 percent increase
  3. No change in the price level
  4. 5 percent decrease
  5. 5 percent increase
  6. 2 percent increase
  7. 1 percent decrease
  8. ¼ percent increase
  9. 7 percent increase
  10. 6 percent decrease

src

ori_mmlu-high_school_macroeconomics

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Source and history

Official source

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