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If You Earned $10-An-Hour in 2005 When the CPI Was

Question 143

Multiple Choice

If you earned $10-an-hour in 2005 when the CPI was 100, and you earn $11-an-hour today when the CPI is 120, then your real wage rate has _____ since 2005.


A) increased 20%
B) remained the same
C) decreased
D) increased 10%

Correct Answer:

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