Refer to Table 8

question 38

Multiple Choice

$$\begin{array}{l}\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Antonio's Nominal } \\\text { Hourly Wage }\end{array} & \begin{array} { c } \text { Consumer Price } \\\text { Index }\end{array} \\\hline 2006 & \$ 8.40 & 201.6 \\\hline 2010 & \$ 9.05 & 218.1 \\\hline\end{array}\\\text { Table } 8.2\end{array}$$ Refer to Table 8.2.From 2006 to 2010,Antonio received a total of $0.65 in pay raises,and the CPI also increased as shown in the table.What was Antonio's real wage in 2010,if 2006 is used as the base year?

• A) $8.40.
• B) $9.05.
• C) $9.09.
• D) $8.37.

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Definitions:

Indemnify

To compensate for harm or loss; in legal contexts, often involves a party agreeing to bear any losses or damages incurred by another party.

Third-party Claims

Third-party claims involve demands for compensation or legal action brought by someone who is not a direct party to a contract, usually in liability or insurance cases.

Insurance

A contract by which an insurance company, the insurer, promises to pay a sum of money or give something of value to another, either the insured or the beneficiary, to compensate for a specified loss.

Concurrent Property Ownership

Ownership of property by two or more parties at the same time, where each party has an undivided interest in the whole property.