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Table 5-7 Shows a Mechanic's Hourly Wage and the Respective

question 24

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Table 5-7 shows a mechanic's hourly wage and the respective price indexes for the years 1975 and 2005. Use the table to answer questions .
Table 5-7
Table 5-7 shows a mechanic's hourly wage and the respective price indexes for the years 1975 and 2005. Use the table to answer questions . Table 5-7    -Refer to Table 5-7. What has happened to a mechanic's real hourly wage between 1975 and 2005? A)  It rose by 180%. B)  It fell by 18%. C)  It rose by 5%. D)  It fell by about 64%.
-Refer to Table 5-7. What has happened to a mechanic's real hourly wage between 1975 and 2005?


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