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A Report Indicated That the Average Real Wage in Manufacturing

question 130

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A report indicated that the average real wage in manufacturing declined by 2% between 1990 and 2000.If the CPI equaled 1.30 in 1990, 1.69 in 2000, and the average nominal wage in manufacturing was $35 in 2000, what was the average nominal wage in manufacturing in 1990?


Definitions:

Nitrogen-Fixing Bacteria

Microorganisms that convert atmospheric nitrogen into a form that plants can absorb and utilize, such as ammonia.

Source-To-Sink

A concept describing the movement of materials or energy from a region of production (source) to a region of storage or consumption (sink) in organisms or ecosystems.

Pressure Flow

A hypothesis explaining the process by which sugars are transported in the phloem of plants from sources to sinks.

Active Transport

The movement of molecules across cell membranes from lower to higher concentration, requiring energy.

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