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4. (10 points) In an economy, the CPI (with base of 100 in 2007) rose from 118.96 in January 2013 to 119.12 in January 2
Posted: Sun Jun 05, 2022 4:16 pm
by answerhappygod
- 4 10 Points In An Economy The Cpi With Base Of 100 In 2007 Rose From 118 96 In January 2013 To 119 12 In January 2 1 (17.93 KiB) Viewed 51 times
4. (10 points) In an economy, the CPI (with base of 100 in 2007) rose from 118.96 in January 2013 to 119.12 in January 2014. If the nominal wage for household maids increased from $13.7 to $16.5 in the same period, calculate the real wage for the two periods. Is there an increase in the real wage from 2013 to 2014?