A report found that the real entry-level wage for college graduates declined by 7 percent between 2003 and 2010.   2010 Nominal Entry-Level Wage 2010 CPI 2003 CPI $13.80 174.2 146.5 Instructions: Enter your responses rounded to two decimal places. Based on the information above: a.  The 2010 real entry-level wage is $ . b.  The 2003 real entry-level wage is $ . c.  The 2003 nominal entry-level wage is $ .

ENGR.ECONOMIC ANALYSIS
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A report found that the real entry-level wage for college graduates declined by 7 percent between 2003 and 2010.
 

2010 Nominal Entry-Level Wage 2010 CPI 2003 CPI
$13.80 174.2 146.5


Instructions: Enter your responses rounded to two decimal places.

Based on the information above:

a.  The 2010 real entry-level wage is $ .

b.  The 2003 real entry-level wage is $ .

c.  The 2003 nominal entry-level wage is $ .

 

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