A Report Indicated That the Average Real Wage in Manufacturing

question 130

Multiple Choice

A report indicated that the average real wage in manufacturing declined by 2% between 1990 and 2000.If the CPI equaled 1.30 in 1990, 1.69 in 2000, and the average nominal wage in manufacturing was $35 in 2000, what was the average nominal wage in manufacturing in 1990?

• A)$21.13
• B)$26.40
• C)$26.92
• D)$27.47

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Definitions:

Accountant

A professional specializing in maintaining and examining financial records, ensuring accuracy and compliance with laws.

HR Director

A high-level executive responsible for overseeing an organization's human resources department and implementing policies related to employee management and development.

State Unemployment

Government-provided assistance for individuals who have lost their jobs and meet certain eligibility requirements.

Compensation Tax

Taxes applied on income, especially income generated from work or compensation for services.