\[\begin{array}{l} \begin{array} { | c | c | } \hline \text { Good } & \begin{array} { c } \text { Price Increase since } \\ \text { Last Year } \end{array} \\ \hline \text { Amusement park tickets } & 5.0 \% \\ \hline \text { Bowling balls } & 4.2 \% \\ \hline \text { Camouflage neckties } & 3.1 \% \\ \hline \end{array}\\ \text { Table } 8.1 \end{array}\] Refer to Table 8.1,which gives hypothetical data on price changes for three goods.If the overall rate of inflation in the economy was 3.5%,what happened to the real price of camouflage neckties?

A) The real price of camouflage neckties fell by 0.4%. B) The real price of camouflage neckties rose by 0.4%. C) The real price of camouflage neckties rose by 6.6%. D) The real price of camouflage neckties fell by 6.6%. A) The real price of camouflage neckties fell by 0.4%. B) The real price of camouflage neckties rose by 0.4%. C) The real price of camouflage neckties rose by 6.6%. D) The real price of camouflage neckties fell by 6.6%.

\[\begin{array}{l} \begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Antonio's Nominal } \\ \text { Hourly Wage } \end{array} & \begin{array} { c } \text { Consumer Price } \\ \text { Index } \end{array} \\ \hline 2006 & \$ 8.40 & 201.6 \\ \hline 2010 & \$ 9.05 & 218.1 \\ \hline \end{array}\\ \text { Table } 8.2 \end{array}\] Refer to Table 8.2.From 2006 to 2010,Antonio received a total of $0.65 in pay raises,and the CPI also increased as shown in the table.What was Antonio's real wage in 2006,if 2010 is used as the base year?

A) $8.40. B) $9.05. C) $9.09. D) $8.37. A) $8.40. B) $9.05. C) $9.09. D) $8.37.

A) one of the key measures in the GDP. B) one of the key measures of the health of an economy. C) generally steady from year to year. D) generally beneficial to countries. A) one of the key measures in the GDP. B) one of the key measures of the health of an economy. C) generally steady from year to year. D) generally beneficial to countries.

\[\begin{array}{l} \begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Antonio's Nominal } \\ \text { Hourly Wage } \end{array} & \begin{array} { c } \text { Consumer Price } \\ \text { Index } \end{array} \\ \hline 2006 & \$ 8.40 & 201.6 \\ \hline 2010 & \$ 9.05 & 218.1 \\ \hline \end{array}\\ \text { Table } 8.2 \end{array}\] Refer to Table 8.2.From 2006 to 2010,Antonio received a total of $0.65 in pay raises,and the CPI also increased as shown in the table.What was Antonio's real wage in 2006,if 2006 is used as the base year?

A) $8.40. B) $9.05. C) $9.09. D) $8.37. A) $8.40. B) $9.05. C) $9.09. D) $8.37.

\[\begin{array}{l} \begin{array} { | c | c | } \hline \text { Good } & \begin{array} { c } \text { Price Increase since } \\ \text { Last Year } \end{array} \\ \hline \text { Amusement park tickets } & 5.0 \% \\ \hline \text { Bowling balls } & 4.2 \% \\ \hline \text { Camouflage neckties } & 3.1 \% \\ \hline \end{array}\\ \text { Table } 8.1 \end{array}\] Refer to Table 8.1,which gives hypothetical data on price changes for three goods.If the overall rate of inflation in the economy was 3.5%,what happened to the real price of amusement park tickets?

A) The real price of amusement park tickets rose by 1.5%. B) The real price of amusement park tickets rose by 8.5%. C) The real price of amusement park tickets rose by 5.0% D) The real price of amusement park tickets fell by 1.5%. A) The real price of amusement park tickets rose by 1.5%. B) The real price of amusement park tickets rose by 8.5%. C) The real price of amusement park tickets rose by 5.0% D) The real price of amusement park tickets fell by 1.5%.