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If the Nominal Wage Is $30 in 2015 and the CPI

Question 131

Multiple Choice

If the nominal wage is $30 in 2015 and the CPI is 202 in 2015,then the real wage in the base year

A) is $29.00.
B) is $14.85.
C) is $1.48.
D) is $30.
E) cannot be calculated without the past year wage rate.

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