Use the Consumer Price Index Below to Answer the Question

question 80

Essay

Use the Consumer Price Index below to answer the question. $$\begin{array}{l}\text { Average Annual Consumer Price Index (1982-1984 = 100) }\\\begin{array} { c | c | c | c | c | c } \text { Year } & \text { CPI } & \text { Year } & \text { CPI } & \text { Year } & \text { CPI } \\\hline 1986 & 109.6 & 1995 & 152.4 & 2004 & 188.9 \\1987 & 113.6 & 1996 & 156.9 & 2005 & 195.3 \\1988 & 118.3 & 1997 & 160.5 & 2006 & 201.6 \\1989 & 124.0 & 1998 & 163.0 & 2007 & 207.3 \\1990 & 130.7 & 1999 & 166.6 & 2008 & 215.3 \\1991 & 136.2 & 2000 & 172.2 & 2009 & 214.5 \\1992 & 140.3 & 2001 & 177.1 & 2010 & 218.1 \\1993 & 144.5 & 2002 & 179.9 & 2011 & 224.9 \\1994 & 148.2 & 2003 & 184.0 & 2012 & 229.6\end{array}\end{array}$$
-Which of the following is greater? Explain why this makes sense. The minimum wage for 1998 in actual dollars The minimum wage for 1998 in 1995 dollars The minimum wage for 1998 in 2000 dollars The minimum wage for 1998 in 1990 dollars

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Definitions:

Positive Work-Related State

A condition wherein employees feel motivated, satisfied, and engage productively.

Workers Engaged

Refers to employees who are actively involved, enthusiastic, and committed to their work.

Absenteeism

The habitual non-presence of an employee at their job, which can be due to various reasons including illness, personal matters, or disengagement with work.

High Cost

pertains to an expense that is considerably above the average or expected expenditure on goods or services.