Question: Refer to the CPI data given in Problem 2. A report found that the real entry-level wage for college graduates declined by 8 percent between

Refer to the CPI data given in Problem 2. A report found that the real entry-level wage for college graduates declined by 8 percent between 1990 and 1997. The nominal entry-level wage in 1997 was $13.65 per hour. (LOl)
a. What was the real entry-level wage in 1997?
b. What was the real entry-level wage in 1990?
c. What was the nominal entry-level wage in 1990?

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