3. Refer to the CPI data given in Problem 2. A report found that the real entry-level...
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3. Refer to the CPI data given in Problem 2. A report found that the real entry-level wage for university graduates declined by 8 per cent between 1990 and 1997. The nominal entry-level wage in 1997 was $13.65 per hour. LO 3.2 MEDIUM a)What was the real entry-level wage in 1997? b)What was the real entry-level wage in 1990? c)What was the nominal entry-level wage in 1990?
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