A Labor Contract Provides for a First-Year Wage of $15

question 5

Multiple Choice

A labor contract provides for a first-year wage of $15 per hour, and specifies that the real wage will rise by 2 percent in the second year of the contract. The CPI is 1.00 in the first year and 1.09 in the second year. What dollar wage must be paid in the second year?

• A) $15.30
• B) $16.09
• C) $16.65
• D) $16.68

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Definitions:

Genital Areas

Biological regions of the body involved in sexual reproduction and function.

Excitement Phase

The initial phase in the human sexual response cycle, characterized by increased physiological arousal, including heart rate and blood flow.

Lubricant

A substance used to reduce friction between surfaces in mutual contact, which can enhance mechanical function or reduce wear.

Physiological Responses

Bodily reactions to stimuli, including changes in heart rate, hormone levels, and muscle tension.