The Real Wage in Fantasyland Has Been Constant Since 1950

question 65

Multiple Choice

The real wage in Fantasyland has been constant since 1950.The nominal wage in 2015 was $100,and the Consumer Price Index (CPI) was 200 in 2015.What was the nominal wage in 2002 if the CPI was 50 in 2002?

• A) Nominal wage = $25
• B) Nominal wage = $400
• C) Nominal wage = $100
• D) Nominal wage = $250

---

Definitions:

General Feeling

A broad, non-specific emotional state or attitude that an individual may have towards a particular idea or situation.

Too Much Pressure

Describes situations where an individual or system is subjected to stress or demands exceeding their capacity to handle, leading to potential negative outcomes.

Sources of Satisfaction

These are factors or elements within a job or work environment that contribute to an employee's job satisfaction, including aspects like pay, work-life balance, recognition, and opportunities for growth.

Workplace Fatalities

Deaths that occur in the course of employment, often due to accidents or occupational hazards.