Business, 24.06.2021 17:50 destiny2521

Ford Motor Company agreed to pay its workers $37 an hour in 1999 and $37 an hour in 2001. The CPI in 1999 was 166 and in 2001 was 180. Calculate the real wage rate in each year (to the nearest cent). Did these workers really get a pay raise between 1999 and 2001?

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Ford Motor Company agreed to pay its workers $37 an hour in 1999 and $37 an hour in 2001. The CPI...

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