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Year: 2011 Nominal Average Hourly Earnings: $23.00 CPI: 119.9 Year: 2012 Nominal Average Hourly Earnings: $23.50 CPI: 121.7 Year: 2013 Nominal Average Hourly Earnings: $24.00

Year: 2011 Nominal Average Hourly Earnings: $23.00 CPI: 119.9

Year: 2012 Nominal Average Hourly Earnings: $23.50 CPI: 121.7

Year: 2013 Nominal Average Hourly Earnings: $24.00 CPI: 122.8

what is the approximate rate of growth of real average hourly earnings from 2011 to 2012? (the answer is 0.67 but how?)

A)0.67%

B)2%

C)0%

D)-2%

E)-0.5%

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