This topic contains a solution. Click here to go to the answer

Author Question: Using Price Indexes to Correct for InflationYearNominal Average Hourly EarningsCPI 1$12100 214110 ... (Read 61 times)

dongbo

  • Full Member
  • ***
  • Posts: 137

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%


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
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
Wow, this really help


nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library