Table 20-14 the Table Above Reports the Nominal Average Hourly

question 135

Multiple Choice

Table 20-14
The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965 and 2010.
-Refer to Table 20-14. The percentage change in real average earnings from 1965 to 2010 equals

• A) 2.0 percent.
• B) 19.7 percent.
• C) 24.5 percent.
• D) 80.3 percent.

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Definitions:

Bell Curve

A bell-shaped curve that typically represents the normal distribution of a variable or set of data, where most scores cluster around the mean, with symmetric tapering off towards the extremes.

Decrease with Age

A phenomenon where certain abilities, functions, or properties gradually diminish as one grows older.

Increase with Age

A process or phenomenon that grows or intensifies as one becomes older.

Face to Face

Direct interaction between two or more people, physically present in the same location, typically involving eye contact and verbal communication.