Question 1
Table 9-14

The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965 and 2010.
Refer to Table 9-14. The real average hourly earnings for 1965 in 1982-1984 dollars equal
◦ $1.28.
◦ $6.49.
◦ $8.28.
◦ $15.45.
Question 2
Table 9-14

The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965 and 2010.
Refer to Table 9-14. The percentage change in real average earnings from 1965 to 2010 equals
◦ 2.0 percent.
◦ 19.7 percent.
◦ 24.6 percent.
◦ 80.3 percent.