The Nominal Annual Wage Increases from $25,000 to $27,000, While

question 11

Multiple Choice

The nominal annual wage increases from $25,000 to $27,000, while the price level increases by 6 percent. In this case, the percentage change in the real annual wage is about

• A)8 percent.
• B)10 percent.
• C)14 percent.
• D)2 percent.

---

Definitions:

Employee Warnings

Official notices issued to employees to address violations or misconduct, often as part of a disciplinary process.

Personnel Files

The systematically organized records kept by an organization that contain personal and employment-related information about its employees.

Non-Company Personnel

Individuals or workers who are not direct employees of a particular organization and may include contractors, consultants, or freelancers.

Release

The act of letting go or setting someone or something free.