Question
The table below showsthe average adult wages ($/week) and the Consumer Price Index (CPI) for Australia from 2014 to 2017. Year AverageAdult Wages ($/week) CPI
The table below showsthe average adult wages ($/week) and the Consumer Price Index (CPI) for Australia from 2014 to 2017.
Year | AverageAdult Wages ($/week) | CPI |
2014 | 1,000 | 97.1 |
2015 | 1,150 | 100 |
2016 | 1,250 | 101.7 |
2017 | 1,300 | 103.5 |
Determine the real wages for 2017 with a base year of 2015, and answer in the box below
Answer to 1 decimal place
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Complex Variables And Applications
Authors: James Brown, Ruel Churchill
9th Edition
0073530859, 9780073530857
