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Author Question: Using Price Indexes to Correct for InflationYearNominal Average Hourly EarningsCPI 1$12100 214110 ... (Read 59 times)

dongbo

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on: Nov 23, 2022

Question 1

Using Price Indexes to Correct for Inflation



Year		Nominal Average Hourly Earnings
CPI
       1$10​100
       214​108​
       317​117​

Based on the data in the table, real average hourly earnings in Year 2 were ________.
◦ $15.12
◦ $12.96
◦ $7.71
◦ $18.00

Question 2

Using Price Indexes to Correct for Inflation



Year		Nominal Average Hourly Earnings
CPI
       1$12​100
       214​110​
       318​115​

Based on the data in the table, the rate of growth of real average hourly earnings from Year 2 to Year 3 is ________. (Round to the nearest tenth when appropriate.)
◦ 23.0%
◦ 4.5%
◦ 10.5%
◦ 28.6%
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by dongbo on Nov 23, 2022

rika06@comcast.net

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dongbo

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

miss.ashley

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Reply 3 on: Yesterday
Excellent

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