Question
How much would a worker have to be paid per hour in 2016to keep her real wage the same as in 1980 if she earned
How much would a worker have to be paid per hour in 2016to keep her real wage the same as in 1980 if she earned $10 per hour in 1980? Instructions: Round your answer to two decimal places.
A worker earned $10 a hour in 1980 and $14 an hour in 1990. Using the interactive tool to convert each of the wage rates to 2016dollars, did this worker experience a rise in her real wage?
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
