Recall Application 5, "The Declining Real Minimum Wage," to Answer

question 26

Multiple Choice

Recall Application 5, "The Declining Real Minimum Wage," to answer the following questions:
-According to the application, the weekly income earned in 1974 at that time could buy _______ standard baskets of goods and services in 2007.

• A) 1.16
• B) 1.70
• C) 2.81
• D) 1.54

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