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Wildcat asked in Social ScienceEconomics · 7 years ago

Economics: Inflation and Income?

If I make $1,000 a month, and I expect 4% inflation rate over the next year, what will my monthly income need to be next year to keep up with inflation? (In order for me to have the same real income?)

1 Answer

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  • John M
    Lv 7
    7 years ago
    Favorite Answer

    1,000 * 1.04 or $1,040

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