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in 2018 the average wage rate was $22.67 an hour. The CPI in 1935 was 13.7 and in 2018 it was 251.1. The 2018 nominal
in 2018 the average wage rate was $22.67 an hour. The CPI in 1935 was 13.7 and in 2018 it was 251.1. The 2018 nominal wage rate that is equivalent to $0.55 an hour in 1935 is $10.08 an hour. The real wage rate in 2018 is $_________
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
