This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Using Price Indexes to Correct for InflationYearNominal Average Hourly EarningsCPI 1$12100 214110 ... (Read 27 times)

dongbo

  • Full Member
  • ***
  • Posts: 137
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dongbo on Nov 23, 2022

rika06@comcast.net

  • Full Member
  • ***
  • Posts: 161
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.
Answer Preview
Only 32% of students answer this correctly


dongbo

  • Member
  • Posts: 137
Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period
Average Pulse Rates by Age Average Pulse Rates by Age
How to find the average atomic mass of an element How to find the average atomic mass of an element
Average household size Average household size
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Average Years of Schooling versus GDP per Capita Average Years of Schooling versus GDP per Capita
Video: Fractures Animation

For a complete list of videos, visit our video library