Multiple Choice
A recent report indicated that the average real wage in manufacturing declined by 2% between 1990 and 2000.If the consumer price index was 130 in 1990 and 169 in 2000,and the average nominal wage in manufacturing was $35 in 2000,what was the average nominal wage in manufacturing in 1990?
A) $20.71.
B) $21.12.
C) $26.92.
D) $27.47.
E) $35.70.
Correct Answer:
Verified
Correct Answer:
Verified
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