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

question 175

Multiple Choice

Suppose that over the course of a year, one's wage increases from $20 per hour to $22 per hour. If the inflation rate for the year is 12 percent, then the

• A)real wage has increased by 10 percent.
• B)nominal wage has increased by 1 percent.
• C)real wage has increased by 2 percent.
• D)real wage has fallen by 2 percent.
• E)nominal wage has decreased by 10 percent.

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Definitions:

League Of United Latin American Citizens

The oldest Latino civil rights organization in the United States, founded in 1929 to combat the discrimination faced by Hispanics in the country.

Mexican-Americans

Americans of Mexican descent, making up a significant part of the U.S. population with a rich cultural heritage and history.

Full Rights

The complete and unconditional entitlements that individuals are guaranteed by law or society, without any discrimination.

Naturalized

Describes the process by which a non-citizen in a country acquires its nationality, gaining the rights and responsibilities of citizenship.