Marlene Chow Was Paid $500 a Week in 1999,the Base

question 136

Essay

Marlene Chow was paid $500 a week in 1999,the base year.By 2009 she was earning $1,000.If the consumer price index was at 125 in 2009,how much were Ms.Chow's real wages that year,and by what percentage had they changed?

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