Multiple Choice
The consumer price index (CPI) equals 100 in year one and 115 in year two.If the nominal wage is $15 in year one and a contract calls for the wage to be indexed to the CPI,what will be the nominal wage in year two?
A) $13.04.
B) $15.00.
C) $15.15.
D) $16.15.
E) $17.25.
Correct Answer:
Verified
Correct Answer:
Verified
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