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Table 20-15 -Refer to Table 20-15

Question 22

Multiple Choice

Table 20-15
 Year  Nominal Average  Hourly Earnings  CPI 2014$10100201510105201612110\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal Average } \\\text { Hourly Earnings }\end{array} & \text { CPI } \\\hline 2014 & \$ 10 & 100 \\\hline 2015 & 10 & 105 \\\hline 2016 & 12 & 110 \\\hline\end{array}
-Refer to Table 20-15.Looking at the table above,real average hourly earnings in 2014 were


A) $9.
B) $9.52.
C) $10.
D) $12.63.

Correct Answer:

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