1. Seattle’s minimum wage for businesses with 501 employees or more as of January 2022 is $17.27 per hour (i.e., the nominal wage). If the January 2022 CPI is 281.148 according to Bureau of Labor Statistics (BLS), what is the real wage rate in 2022? Group of answer choices a. $6.14 b. $7.25 c. $16.28 d. $17.27

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A: Real wage is independent of inflation

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Q: 13. In 2018 your annual salary was $54,370 per year and the CPI was 133.4. In 2022 your annual…

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A:

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