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Suppose your income rises from Rs19,000 to Rs31,000 while the CPI rises from 122 to 169 Your standard of living has likely ?

/ Economics Mcqs, Inflation & Productivity / By
Suppose your income rises from Rs19,000 to Rs31,000 while the CPI rises from 122 to 169 Your standard of living has likely ?

A. fallen
B. You can’t tell without knowing the base year
C. risen
D. stayed the same