Table 514 the Table Above Reports the Nominal Average Hourly

question 67

Multiple Choice

Table 5.14 The table above reports the nominal average hourly wage and the consumer price index for 1956 and 2012.
-Refer to Table 5.14.The real average hourly earnings for 1956 in 2002 dollars equals

• A)$0.22.
• B)$10.70.
• C)$13.02.
• D)$21.88.
• E)$25.32.

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Definitions:

Agricultural Act

Legislation enacted by a government to regulate agricultural practices, supports, and policies aimed at stabilizing or enhancing the agricultural sector.

Ethanol Program

A government or industry initiative designed to promote the use of ethanol, typically derived from corn or sugarcane, as a renewable energy source.

Conservation Reserve Program

A land conservation program administered by the Farm Service Agency (FSA) aimed at improving environmental health by reserving land for various conservation purposes.

Ethanol Program

A government initiative aimed at promoting the use of ethanol, a renewable fuel derived from plant materials, to reduce dependence on oil and decrease greenhouse gas emissions.