Using the data in the following table, calculate the following for the period 2000 2005: a. The

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Using the data in the following table, calculate the following for the period 2000 2005:
a. The total percentage change in the nominal weekly earnings
b. The total percentage change in the price level

Real Weekly Earnings (1983 dollars) Nominal Weekly Earnings Year CPI 1980 $269 86.3 $312 $348 1985 109.3 $318 1990 $417

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Macroeconomics Principles and Applications

ISBN: 978-1111822354

6th edition

Authors: Robert E. Hall, Marc Lieberman

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Question Posted: Jun 09, 2018 08:04 AM

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Using the data in the following table, calculate the following for the period 2000 2005: a. The

Question:

Real Weekly Earnings (1983 dollars) Nominal Weekly Earnings Year CPI 1980 $269 86.3 $312 $348 1985 109.3 $318 1990 $417 133.8 $312 $482 153.5 1995 $314 2000 $581 174.0 $334 2005 $658 196.8 $334 $343 2010 $751 219.2

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