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*How are the getting answer C for this question? Table 8-8 Year 2004 2005 2006 Nominal Average $10 $11 $13 Hourly Earnings ($) CPI 188.9
*How are the getting answer C for this question?
Table 8-8
Year 2004 2005 2006
Nominal Average $10 $11 $13
Hourly Earnings ($)
CPI 188.9 195.3 201.6
(1982-1984 =100)
Refer to Table 8-8. Looking at the table above, real average hourly earnings in 2005 (expressed in
base year dollars) were
A) $11.37B) $10.24C) $5.63D) $3.67
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