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If your total wage in September 2021 is $2830, and the CPI is 107.39, solve for the real wage for the month of September 2021,
- If your total wage in September 2021 is $2830, and the CPI is 107.39, solve for the real wage for the month of September 2021, based upon the total wage received for the month of September 2021. a. If you do not receive a wage increase in October 2021, but the CPI rises to 109.22, solve for the real wage for the month of October 2021. b. What is the relationship between the real wage and the CPI?
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