Table 20-19 -Refer to Table 20-19

question 126

Multiple Choice

Table 20-19
$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal Average Hourly } \\\text { Earnings }\end{array} & \begin{array} { c } \text { CPI } \\( \mathbf { 1 9 8 2 - 1 9 8 4 } = \mathbf { 1 0 0 } ) \end{array} \\\hline 2014 & \$ 10 & 100 \\\hline 2015 & 10 & 105 \\\hline 2016 & 12 & 110 \\\hline\end{array}$$
-Refer to Table 20-19.Looking at the table above,what is the approximate rate of growth of real average hourly earnings from 2014 to 2015?

• A)15%
• B)4.4%
• C)-1.5%
• D)-4.8%

---

Definitions:

Coupon Interest Rate

The annual interest rate paid by a bond issuer on the bond's face value, also known as the "coupon rate."

Premium

An amount paid in excess of the nominal or face value of something, often associated with bonds or insurance.

Bond

A financial instrument where an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.

Stockholders' Equity

Stockholders' equity represents the ownership interest of shareholders in the net assets of a company, calculated as the company's total assets minus its total liabilities.