The Consumer Price Index Is 113 in Year 1 and 118

question 174

Multiple Choice

The consumer price index is 113 in Year 1 and 118 in Year 2. The nominal wage rate is $8 in Year 1 and $9 in Year 2. What is the approximate percentage change in the real wage rate from Year 1 to Year 2?

• A) 2 percent
• B) 4 percent
• C) 6 percent
• D) 8 percent

---

Definitions:

Autonomic Dysreflexia

A potentially life-threatening condition that can occur in individuals with spinal cord injuries, leading to sudden high blood pressure.

Sensory Perception

The process of receiving and interpreting sensory information from the surrounding environment through the senses.

Bright Lights

Intense, glaring light sources that can be natural or artificial, often used to enhance visibility in various settings but may cause discomfort or harm to the eyes over extended exposure.

Hospital Environment

The physical and social setting of a hospital, encompassing everything from its buildings to its atmosphere and how it affects patient care and staff well-being.