The Consumer Price Index and average annual wages in selected industries were as shown in the table.

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From 1990 to 2007, the average wages went up for workers in all three industries. However, which wage-earning groups fared best and worst in terms of their percentage change in spending power during this period?

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Introduction To Business Statistics

ISBN: 9780538452175

7th Edition

Authors: Ronald M. Weiers

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Question Posted: Nov 12, 2024 09:03 AM

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The Consumer Price Index and average annual wages in selected industries were as shown in the table.

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Average Wages ($/Hour) CPI Leisure and (1982-1984 Manufacturing Construction Hospitality = 100) 1990 $10.78 $13.42 $6.02 130.7 2000 14.32 17.48 8.32 172.2 2007 17.26 20.95 10.41 207.3

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Introduction To Business Statistics

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