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Assume a worker earns $100 a week and there is one good in the market, bread, which costs $1.00 per loaf. Over one year, the
Assume a worker earns $100 a week and there is one good in the market, bread, which costs $1.00 per loaf. Over one year, the worker's wage rises from $100 to $110 and the cost of bread rises to $1.04 per loaf. What is the workers real wage? For this problem, we can view the real wage in terms of the number of loaves of bread the worker can buy. What is the worker's Real Wage? Group of answer choices $100 $104 $106 $110
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