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Suppose that the hourly wages in 1960 and 2002 were respectively 6.08 and 10.34 dollars per hour. If the 1960 CPI base 100 = 2002

Suppose that the hourly wages in 1960 and 2002 were respectively 6.08 and 10.34 dollars per hour. If the 1960 CPI base 100 = 2002 is 70, what happened to the real wage between 1960 and 2002?

		It increased.
		It decreased.
		It remains constant.
		Cannot answer the question with the information provided.

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