If the average wage rate increases from $15.23 per hour to $15.65 per hour and the inflation
Question:
If the average wage rate increases from $15.23 per hour to $15.65 per hour and the inflation rate over the period is 4.2 percent, what is the approximate real increase in wages?
a. 2.8 percent
b. 1.4 percent
c. −1.4 percent
d. −2.8 percent.
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Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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