Suppose That Over the Course of a Year,one's Wage Increases

question 137

Multiple Choice

Suppose that over the course of a year,one's wage increases from $15 per hour to $16.50 per hour.If the inflation rate for the year is 12 percent,then the

• A)real wage has increased by 22 percent.
• B)nominal wage has increased by 2 percent.
• C)real wage has increased by 2 percent.
• D)real wage has fallen by 2 percent.
• E)nominal wage has increased by 15 percent.

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Definitions:

Managerial Position

A job role that involves overseeing and directing the operations, personnel, and resources of an organization.

International Assignments

Work roles or projects that require employees to move to and work in a foreign country, often for a predetermined period.

Foreign Languages

Languages that are not native to the speaker's country.

Global Leadership

The skill or ability to influence individuals, groups, and organizations from various countries and cultural backgrounds to achieve a common goal or objective.