20-14 Nominal Average Hourly Earnings $2.65 Year CPI (1982-1984 = 1.00) %3! 0.32 22.59 2.19 ple above reports the nominal average hourly earnings in private industry and the consumer price index for o Table 20-14. The real average hourly earnings for 1965 in 1982-1984 dollars equal 28. 49. 28. 5.45.

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Question 1
Table 20-14
Nominal Average
Hourly Earnings
Year
CPI (1982-1984 = 1.00)
1965
$2.65
0.32
2010
22.59
2.19
The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965 and 2010. The base year is the 1982-1984 period.
Refer to Table 20-14. The real average hourly earnings for 1965 in 1982-1984 dollars equal
O $1.28.
O $6.49.
O $8.28.
O $15.45.
Transcribed Image Text:Question 1 Table 20-14 Nominal Average Hourly Earnings Year CPI (1982-1984 = 1.00) 1965 $2.65 0.32 2010 22.59 2.19 The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965 and 2010. The base year is the 1982-1984 period. Refer to Table 20-14. The real average hourly earnings for 1965 in 1982-1984 dollars equal O $1.28. O $6.49. O $8.28. O $15.45.
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