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Author Question: Table 9-23 Refer to Table 9-23.The table above lists the actual minimum wage and CPI in 1974 and in ... (Read 92 times)

jc611

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Question 1

Table 9-22









Refer to Table 9-22. Using the above table, calculate real average hourly earnings for 2014, 2015, and 2016. Calculate the rate of growth of real average hourly earnings from 2015 to 2016.



Question 2

Table 9-23









Refer to Table 9-23. The table above lists the actual minimum wage and CPI in 1974 and in 2012. Using the above table, calculate the real minimum wage for 1974 and 2012. Calculate the rate of growth of the real minimum wage from 1974 to 2012. Are workers better off in terms of the purchasing power of a dollar in 1974 or 2012? Explain why.



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Marked as best answer by jc611 on Mar 16, 2019

blazinlyss

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