If the Consumer Price Index (CPI)increases from 100 to 200

question 57

Multiple Choice

If the Consumer Price Index (CPI) increases from 100 to 200 and the nominal wage increases from $100 to $400,what is the change in the real wage in terms of the beginning year's dollars?

• A) +$200
• B) +$400
• C) +$100
• D) +$300
• E) -$200

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Definitions:

Intent to Deceive

The purposeful act of misleading or deceiving someone to gain advantage or cause harm.

False Statement

A misrepresentation or untrue declaration, especially one made intentionally, that can impact legal contracts, financial documents, or public declarations.

Frivolous Civil Lawsuit

A lawsuit considered to lack serious purpose or value, often brought forward with the intention of harassing or distressing the defendant.

Duress

Compulsion by threat or force; coercion that compels someone to perform an act against their will or judgment.