A Recent Report Indicated That the Average Real Wage in Manufacturing

question 145

Multiple Choice

A recent report indicated that the average real wage in manufacturing declined by 2% between 1990 and 2000.If the consumer price index was 130 in 1990 and 169 in 2000,and the average nominal wage in manufacturing was $35 in 2000,what was the average nominal wage in manufacturing in 1990?

• A) $20.71.
• B) $21.12.
• C) $26.92.
• D) $27.47.
• E) $35.70.

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Definitions:

Ambient Scent

A fragrance deliberately placed in an environment to create a pleasant atmosphere, influence emotions, and affect behavior.

Mood Lighting

Lighting designed to create a specific emotional or atmospheric effect, often used in entertainment, hospitality, or residential settings.

Package Size

Refers to the dimension and volume of the packaging of a product, which can influence consumer perception and buying behavior.

Trade Dress

The visual appearance of a product or its packaging that signifies the source of the product to consumers, often protected under trademark law.