In 2009, the Nominal Wage Rate for Unionized Carpenters Was

question 138

Multiple Choice

In 2009, the nominal wage rate for unionized carpenters was $37.50 and the CPI was 204.Calculate the real wage rate for this group of workers.

• A) $37.50
• B) $47.09
• C) $5.44.
• D) $18.38.
• E) $1.84.

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