Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions .
Exhibit: Mechanics Hourly Wage and Price Indexes for 1975 and 2005

-(Exhibit: Mechanics Hourly Wage and Price Indexes for 1975 and 2005) Which of the following statements is true?

A) Although the nominal wage increased, the real wage fell.
B) Both the nominal and the real wage rose.
C) Based on the values of the price index, real hourly wage doubled over the 30-year period.
D) The purchasing power of the mechanic has slowly diminished over the years.