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What is the real average hourly wage

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Reference no: EM131138580

Year-----------hourly earnings----------CPI
2008             $16.00                          202
2009             $17.00                          207
2010             $18.00                          209

1. What is the real average hourly wage in 2009?
A. 8.21
B.17.42
C.8.61
D.7.92

2. What can be said about real average hourly earnings and nominal average hourly earning between 2008 and 2010?
A. both real and nominal average hourly earnings increased
B.both real and nominal average hourly earnings decreased
C. real average hourly earning decreased and nominal average hourly earning increased
D. real average hourly earning increased and nominal average hourly earning dcreased

Reference no: EM131138580

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