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Business, 18.08.2020 07:01 testedagent2823

According to the following data, 2000
2019
Average hourly wage
$14
$23
CPI
170
254
a. by what percentage did nominal wages increase between 2000 and 2019?
b. by what percentage did consumer prices increase between 2000 and 2019?
c. Did real wages increase between 2000 and 2019?

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Answers: 2

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According to the following data, 2000
2019
Average hourly wage
$14
$23
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