Answered

Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Get quick and reliable answers to your questions from a dedicated community of professionals on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

7. Sarah’s wage is $18 per hour and the CPI is 207 in this year. Suppose, she gets paid at $20 per hour and the CPI rises to 232.3 next year. What has happened to her nominal and real wages?
A. Her nominal wage has increased but her real wage has not changed.
B. Her nominal wage has increased but her real wage has declined.
C. Her real and nominal wages have each increased by the same percentage.
D. Her real wage has increased by a larger percentage than her nominal wage.

Sagot :

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.