Question: 3. Refer to the CPI data given in Problem 2. A report found that the real entry-level wage for college graduates declined by 5 percent

3. Refer to the CPI data given in Problem 2. A report found that the real entry-level wage for college graduates declined by 5 percent between 2003 and 2010. The nominal entry-level wage in 2010 was $14.35 per hour. (LO2) a. What was the real entry-level wage in 2010? b. What was the real entry-level wage in 2003? c. What was the nominal entry-level wage in 2003?

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