The Most Common Formula for Adjusting Wages to the Cost

question 17

Multiple Choice

The most common formula for adjusting wages to the cost of living is:

• A) Wages increased 3 cents for each 0.1 rise in the CPI-W.
• B) A percentage increase in wages for each percentage increase in the CPI-W.
• C) Wages increased 1 cent-per-hour increase for each 0.3 point increase in the CPI-W.
• D) Wages increased 1 cent for each 0.2 rise in the CPI-W.
• E) Wages increased 4 cent-per-hour increase for each 0.3 point increase in the CPI-W.

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