Question
Consider the following data: Financial year 2011-12 Financial year 2012-13 Financial year 2013-14 Nominal GDP ($m) 1,482,436 1,530,297 1,586,181 Nominal GDP per capita ($) 65,819
Consider the following data:
| Financial year 2011-12 | Financial year 2012-13 | Financial year 2013-14 | |
Nominal GDP ($m) | 1,482,436 | 1,530,297 | 1,586,181 |
Nominal GDP per capita ($) | 65,819 | 66,081 | 67,500 |
CPI | 101.3 | 103.68 | 104.07 |
Nominal average weekly wages ($) | 1,060.69 | 1,081.25 | 1,121.97 |
What was the rate of growthin real wages from 2012-13 to 2013-14?
Answer in percentage points, to two decimal places.
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Leading and Collaborating in the Competitive World
Authors: Thomas S Bateman, Scott A Snell, Robert Konopaske
13th edition
1259927644, 1259927645, 978-1260194241
