Table 13-14 The Table Above Reports the Nominal Average Hourly Earnings in Nominal

question 42

Multiple Choice

Table 13-14
$\begin{array}{|c|c|c|}\hline \text { Year } & \begin{array}{c}\text { Nominal Average } \\\text { Hourly Earnings }\end{array} & \begin{array}{c}\text { CPI (1982-1984 = } \\\mathbf{1 0 0}) \end{array} \\\hline 1965 & \$ 2.65 & 32 \\\hline 2010 & 22.59 & 219 \\\hline\end{array}$ The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965 and 2010.
-Refer to Table 13-14.The real average hourly earnings for 1965 in 1982-1984 dollars equal

• A) $1.28.
• B) $6.49.
• C) $8.28.
• D) $15.45.

---

Definitions:

Contract

An agreement between two or more parties creating obligations that are enforceable by law.

U.S. and Foreign Country

A diplomatic, economic, or cultural relationship between the United States and another sovereign nation.

Stare Decisis

A legal principle that dictates courts should follow the precedent set by previous decisions when resolving similar cases to ensure consistency and predictability in the law.

American Legal System

The legal framework consisting of both federal and state laws, including statutes, regulations, and court decisions.