Refer to the information provided in Table 30.2 below to answer the question(s) that follow.
Table 30.2 
-Refer to Table 30.2. What is the real wage rate in 2017 using 2015 as the base year?
Definitions:
Offer
A proposal by one party to enter into a contract with another party, specifying the terms by which they are willing to engage in a transaction.
Price Based
A strategy or decision-making process that prioritizes pricing as the main factor, often used in marketing and sales strategies.
Difference-in-Difference Estimate
A statistical technique used to measure the effect of a specific intervention or treatment by comparing the before-and-after differences in groups.
Price Change
An adjustment in the selling price of goods or services, which can either increase or decrease depending on various factors.
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