e) Now let’s consider the issue of real versus nominal. Take a look at the wages of the two sectors. Did they rise or fa

[answerhappygod]

e) Now let’s consider the issue of real versus nominal. Take alook at the wages of the two sectors. Did they rise or fall innominal terms year-over-year (2020Q1 to 2021Q1) and if so by howmuch (by sector)? However, what really matters in economics arereal values. What were the changes in real wages earned by the twosectors? Explain how you came to this conclusion.
Monthly Wage, Public Sector
2020 Q1
BD702 ($1860.30)
2020 Q4
BD705 ($1868.35)
2020 Q2
BD714 ($1892.10)
Monthly Wage, Private Sector
BD441 ($1168.65)
BD447 ($1184.55)
BD455 ($1205.75)