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Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985 Exercise 7
*In 1982, the average hourly earnings of private nonagricultural production workers were $7.87 per hour. By 2010, the average hourly earnings had risen to $19.04. In 2010, the CPI was 218.1, compared with 96.5 in 1982. What were the real earnings of private nonagricultural production workers in 2010 measured in 1982 dollars?
Explanation
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The real earnings of private n...
Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
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