If the Nominal Wage Is $30 in 2009 and the CPI

question 183

Multiple Choice

If the nominal wage is $30 in 2009 and the CPI is 202 in 2009, then the real wage in 1982-1984 dollars

• A) cannot be calculated without the past year wage rate.
• B) is $30.
• C) is $14.85,
• D) is $1.48.
• E) is $29.00.

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