The CPI Equals 1

question 95

Multiple Choice

The CPI equals 1.00 in year one and 1.15 in year two. If the nominal wage is $15 in year one and a contract calls for the wage to be indexed to the CPI, what will be the nominal wage in year two?

• A)$15.00
• B)$16.15
• C)$17.25
• D)$22.50

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