If the Average Wage Was $7

question 35

Multiple Choice

If the average wage was $7.67 per hour in 1998 and $14.90 per hour last month,what is the index of hourly wages for last month based on the 1998 information?

• A)100.0
• B)186.9
• C)151.5
• D)194.3

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Definitions:

Public Assistance

Government programs designed to provide financial aid, goods, or services to individuals or families in need, often based on income or circumstance.

Employed

refers to individuals who are currently working for pay, either as employees, self-employed, or in their own businesses.

Poverty Rate

The percentage of the population living below the national poverty line, indicating the proportion of individuals with insufficient income to meet basic needs.

Welfare

Government programs designed to support the well-being of its citizens, especially those in financial or social need.