Question: A recent 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

A recent 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. Assuming that the findings are correct, what was the nominal entry-level wage in 1990? You will need to use data from Problem 10. (LO6)

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