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Author Question: The real wage in Fantasyland has been constant since 1950. The nominal wage in 2015 was 100, and the ... (Read 62 times)

cartlidgeashley

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on: Jul 1, 2018
The real wage in Fantasyland has been constant since 1950. The nominal wage in 2015 was 100, and the Consumer Price Index (CPI) was 200 in 2015. What was the nominal wage in 2002 if the CPI was 50 in 2002?
 
  A) Nominal wage = 25
  B) Nominal wage = 400
  C) Nominal wage = 100
  D) Nominal wage = 250

Question 2

The nominal price of a desk increased from 20 in 2005 to 65 in 2016. The Consumer Price Index (CPI) was 125 in 2005 and 250 in 2016. We can say that
 
  A) the real price of a desk increased over time.
  B) the real price of a desk fell over time.
  C) the real price of a desk has not changed over time.
  D) There is not enough information to determine the real price of a desk.
Microeconomics ¦ Perloff ¦ 8th Edition
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wshriver

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Reply #1 on: Jul 1, 2018
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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cartlidgeashley

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

dawsa925

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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