Use the Table Below to Find the Real Wage in 2008

Multiple Choice

Use the table below to find the real wage in 2008 (in 2007 dollars) .
$$\begin{array} { | c | c | c | } \hline \text { Year } & \text { Naminal Wage (M) } & \text { CPI } \\\hline 2007 & \$ 13.33 & 113.2 \\2008 & \$ 13.00 & 110.0 \\\hline\end{array}$$

A) $13.00
B) $11.82
C) $14.30
D) $11.78
E) $11.48