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C 2.5 pts Question 37 Table 9-14 Nominal Average CPI(1982-1984 Year Hourly Earnings 1001 1965 $2.65...

Question

C 2.5 pts Question 37 Table 9-14 Nominal Average CPI(1982-1984 Year Hourly Earnings 1001 1965 $2.65...

C 2.5 pts Question 37 Table 9-14 Nominal Average CPI(1982-1984 Year Hourly Earnings 1001 1965 $2.65 32 2010 22.59 219 The tab
C 2.5 pts Question 37 Table 9-14 Nominal Average CPI(1982-1984 Year Hourly Earnings 1001 1965 $2.65 32 2010 22.59 219 The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965 and 2010 Refer to Toble 9-14. The real average hourly earnings for 1965 in 1982-1984 dollars equal 51.26 $6.49 $82 $15.45 2.5 pts Question 38 TO 170 16 0 15 19 0 C & 7 9 00 $ # 6 a 5

Answers

Real hourly wage for 1965 in 1982-84 dollar is =Nominal Avg hourly earning/CPI of 1965*100

Real hourly wage=2.65/32*100=8.2812

ans is C


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