Business, 04.07.2020 14:01 asiamuhammad6

In year 7, average nominal wages were $18.50 per hour and the consumer price index (CPI) was 111.00. In year 8, average nominal wages were $19.00 per hour and the CPI was 115.00. Calculate the real wage in year 8.

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In year 7, average nominal wages were $18.50 per hour and the consumer price index (CPI) was 111.00....

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