Looking at the Following Table,what Is the Rate of Growth

question 77

Multiple Choice

Looking at the following table,what is the rate of growth of real average hourly earnings from 2016 to 2017? $$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal Average } \\\text { Hourly Earnings, } \$\end{array} & \text { CPI } \\\hline 2016 & 10 & 100 \\\hline 2017 & 10 & 105 \\\hline 2018 & 12 & 110 \\\hline\end{array}$$

• A) 5%
• B) -5%
• C) 15%
• D) -15%

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Definitions:

Reformers

Individuals or groups advocating for changes or improvements in society, institutions, or systems.

Innovators

Individuals or entities that introduce new ideas, devices, or methods, often leading change within their field.

Plodders

Individuals who proceed or work slowly and laboriously, often showing perseverance and persistence in tasks.

Common Ground

A basis of mutual interest or agreement found among different parties or individuals.