Question
Ms. Spiel Vogel was paid $ 400 a week in 1987, the base year. By 1995 she was earning $900 a week. If the consumer
Ms. Spiel Vogel was paid $ 400 a week in 1987, the base year. By 1995 she was earning $900 a week. If the consumer price index was at 180 in 1995, how much were Ms. Spielvogels real wages that year, and by what percentage had they changed?Real wages(1995) = $ Percentage change =. %
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Macroeconomics
Authors: Stephen D. Williamson
6th Edition
013447211X, 134472119, 978-0134472119
