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3 Google agreed to pay its worker $31 an hour in 1999 and $35 an hour in 2001 The CPI in 1999 was 166 and
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Google agreed to pay its worker $31 an hour in 1999 and $35 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? Answer below to 2 decimal places The real wage rate in 1999 was $ The real wage rate In 2001 was $ Because the real wage rate in 2001 is the real wage rate in 1999. the workers really get a raise between 1999 and 2001 Step by Step Solution
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