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Calculate the following Nominal Average Hourly Year Earnings CPI 2008 $16.00 202 2009 $17.00 207 2010 $18.00 209 What is the real average hourly wage

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Nominal Average Hourly Year Earnings CPI 2008 $16.00 202 2009 $17.00 207 2010 $18.00 209 What is the real average hourly wage in 2009? O A. $8.61 O B. $7.92 O C. $8.21 O D. $17.42 What can be said about real average hourly earnings and nominal average hourly earnings between 2008 and 2010? O A. Real average hourly earnings decreased and nominal average hourly earnings increased. O B. Real average hourly earnings increased and nominal average hourly earnings decreased. O C. Both real and nominal average hourly earnings increased. O D. Both real and nominal average hourly earnings decreased

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