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Suppose in 2004 workers in a certain type of profession made an average hourly wage of $29.24. Suppose in 2014, their hourly wage had risen

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Suppose in 2004 workers in a certain type of profession made an average hourly wage of $29.24. Suppose in 2014, their hourly wage had risen to $36.24. Given that the CPI for 2004 was 138.9 and the 2014 CPI was 236.2, answer the following. {a} Give the real wages (in $2: for these workers for 2004 and 2014 by deating the hourly wage lates. (Round your answers to the nearest cent.) $: $: (b) What is the percentage change in the nominal hourly wage for these workers from 2004 to 2014? [Round your answer to one decimal place.) :I% {c} For these workers, what was the percentage change in real wages from 2004 to 2014? {Round your answer to one decimal place.) :4: Data on quanties of three items sold in year 1 and year 5 are given here along with the sales prices of the items in year 1. Compute a weighted aggregate quantity index for year 5. [Round your answer to the nearest integer.) Is=x

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