Now calculate the real wage during the first month of the recovery,

12/82 and compare it to the real wage right before the following recession, 6/90.

What is the percent change in the real wage during this time period? Please show

all work and round to two decimals.

W = 12/82 = 8.01 6/90 = 10.20

P = 12/82 = 97.7 6/90 = 129.9

Question1 Is this correct?

W/P 12/82 = (8.01/97.7)*100= 8.20

W/P 6/90 = (10.20/129.9)*100= 7.85

Question 2 Which way is correct?

%W/P = ((8.20-7.85)/7.85)= .04%

or

%W/P =((10.20-8.01)/8.01)*100 = 27.34

((129.9-97.7)/97.7)*100= 32.96

2734-32.96= -5.62%