jthebird1908 jthebird1908

01-11-2017
Business

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Julie received a 10% wage increase while consumer prices rose by 3%. how much did julie's real wage increase in nominal and real terms?

Respuesta :

12-11-2017

Julieâ€™s nominal wage increase is 10% whereas her real wage increase in only 7% because 3% of her wage increase is negated by the increase in the cost of goods and services reflected by the 3% increase in the CPI.

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