Multiple Choice
If the Consumer Price Index (CPI) increases from 100 to 200 and the nominal wage increases from $100 to $400,what is the change in the real wage in terms of the beginning year's dollars?
A) +$200
B) +$400
C) +$100
D) +$300
E) -$200
Correct Answer:
Verified
Correct Answer:
Verified
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