In Las Vegas, the cost of living index is 110, and in San Francisco, it is 170. You work in Las Vegas currently and your salary is $57,000. You are offered a promotion and pay raise of $70,000 to move to San Francisco. If you take the promotion what will be the effect on your  nominal wage and real Wage ?

Answer rating: 100% (QA)

To determine the effect on your nominal wage and real wage if you take the promotion and move from L... View the full answer