In 1988, the average wage rate was $9.45 an hour and in 2008 the average wage rate
Question:
In 1988, the average wage rate was $9.45 an hour and in 2008 the average wage rate was $18.00 an hour. The CPI in 1988 was 118.3 and in 2008 it was 215.3. Which real wage rate is higher?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
The 2008 wage rate that is equivalent to 945 in ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Prior to instituting an activity-based costing system, Harris and Whelan, the attorneys in E9-5 and E9-6, utilized a simplified costing system with one direct cost category, professional labor, and...
-
Sparky Company makes fireplace screens. Under the flexible budget, when the firm uses 75,000 direct labor hours, budgeted variable overhead is $75,000, whereas budgeted direct labor costs are...
-
Naranjo Company designs industrial prototypes for outside companies. Budgeted overhead for the year was $260,000, and budgeted direct labor hours were 20,000. The average wage rate for direct labor...
-
Joan has been a full-time director of Sunnybank Pursuits Ltd (a trading company) since 2001 and has owned 10% of the company's ordinary shares since 2002. She retired in February 2021 and gave all of...
-
The wear resistance of a steel shaft is to be improved by hardening its surface by increasing the nitrogen content within an outer surface layer as a result of nitrogen diffusion into the steel; the...
-
Summarize PathGoal Leadership Theory. What theories of motivation can you tie to the assumptions of the model?
-
The phase-plane equation of a single-degree-of-freedom system is given by \[\frac{d y}{d x}=\frac{-c y-\left(x-0.1 x^{3} ight)}{y}\] Investigate the nature of singularity at \((x, y)=(0,0)\) for...
-
State whether the following provisions in a note impair or preclude negotiability, the instrument in each instance being otherwise in proper form. Answer each statement with either the word...
-
Consider the following problem where the input is an array of n numbers A[1...n] which could be positive or negative. We want to find the contiguous sub-array with the largest sum. For example, the...
-
Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $100 and a dividend rate of 6%. The stock is selling for $80 in the market. What is the cost...
-
The table shows the quantities of the goods that Harry bought and the prices he paid during two consecutive weeks. Harrys CPI market basket contains the goods he bought in Week 1. Calculate Harrys...
-
Imagine that you are given $1,000 to spend and told that you must spend it all buying items from a Sears catalog. But you do have a choice of catalog. You may select from the 1903 catalog or from...
-
Joe Unidel claims to have invented a steady-state flow device in which the inlet is steam at 300C and 5 bar, he outlet is saturated steam at 100C and 1 bar, the device is adiabatic and produces...
-
Hemming Company reported the following current - year purchases and sales for its only product. Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 2 8 0 units @...
-
The records for Kalman Ltd . show the following data for calendar 2 0 2 3 : 1 . Gross profit on instalment sales recorded on the books was $ 1 0 0 , 0 0 0 . Gross profit from collections of...
-
The following information is available for Pyle Garage for March, Year 2 : BANK STATEMENT HAZARD STATE BANK 2 1 5 MAIN STREET HAZARD, GA 3 0 3 2 1 Pyle Garage 6 2 9 Main Street HAZARD, GA 3 0 3 2 1...
-
During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Purchased goods for $ 4 , 2 0 0 from Diamond Incorporated with terms 3 / 1...
-
Shown here are annual financial data for a merchandising company and a manufacturing company. Music World Retail Wave - Board Manufacturing Beginning inventory Merchandise $ 1 3 5 , 0 0 0 Finished...
-
Solve each system of equations using Cramers Rule if it is applicable. If Cramers Rule is not applicable, say so. 2 3 4 |6 4 3D 0
-
Find the APR in each of the following cases: NUMBER OF TIMES COMPOUNDED Semiannually Monthly Weekly Infinite EAR APR 10.4% 8.9 11.6 15.4
-
Marginal returns start to decrease when more and more workers _______. A. Have to share the same equipment and workspace B. Produce less and less output C. Require jobs to be too specialized D....
-
Construct Yolandas marginal product and average product schedules. Over what range of workers does Yolandas experience increasing marginal returns? Yolanda runs a bullfrog farm. When she employs 1...
-
Construct Yolandas marginal product and average product schedules. Over what range of workers does Yolandas experience increasing marginal returns? Yolanda runs a bullfrog farm. When she employs 1...
-
ow do synergistic dynamics emerge within high-performance teams, and what role do diverse skill sets, complementary roles, and shared goals play in fostering collaborative innovation and collective...
-
Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs: Direct materials Direct labor Variable overhead...
-
You will complete two case studies over the course of the semester. These are to be completed individually. Each case study is found in the textbook and there are questions there to help guide your...
Study smarter with the SolutionInn App