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a. Compute the percentage change in real income for each year shown in the table. Instructions: In part a, round your answers to 2 decimal places. In parts b and c, enter your answers as a negative number include a minus sign. Percentage Changes in Nominal Income and Prices Annual Annual Inflation Nominal Wage Rate Growth Annual Real Wage Growth (percent) Year (percent) (percent) 2008 4.08% 0.35% 2009 -0.37 -1.31 2010 71.ב -0.79

a. Compute the percentage change in real income for each year shown in the table. Instructions: In part a, round your answers to 2 decimal places. In parts b and c, enter your answers as a negative number include a minus sign. Percentage Changes in Nominal Income and Prices Annual Annual Inflation Nominal Wage Rate Growth Annual Real Wage Growth (percent) Year (percent) (percent) 2008 4.08% 0.35% 2009 -0.37 -1.31 2010 71.ב -0.79

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The table below shows the annual change in the average nominal wage and inflation rate since 2008. a. Compute the percentage change in real income for each year shown in the table. Instructions: In part a, round your answers to 2 decimal places. In parts b and c, enter your answers as a whole num negative number include a minus sign. Percentage Changes in Nominal Income and Prices Annual Annual Inflation Nominal Wage Rate Growth Annual Real Wage Growth (percent) Year (percent) (percent) 2008 4.08% 0.35% 2009 -0'.37 -1.31 2010 1.71 -0.79 2011 3.4 1.48 2012 2.18 2.91 2013 1.51 2.39 b. Of the years listed above, the paycheck of the average worker declined in of the six years. c. Of the years listed above, the purchasing power of the average worker declined in of the six years. d. The average real income of households can increase (Click to select)
Transcribed Image Text:The table below shows the annual change in the average nominal wage and inflation rate since 2008. a. Compute the percentage change in real income for each year shown in the table. Instructions: In part a, round your answers to 2 decimal places. In parts b and c, enter your answers as a whole num negative number include a minus sign. Percentage Changes in Nominal Income and Prices Annual Annual Inflation Nominal Wage Rate Growth Annual Real Wage Growth (percent) Year (percent) (percent) 2008 4.08% 0.35% 2009 -0'.37 -1.31 2010 1.71 -0.79 2011 3.4 1.48 2012 2.18 2.91 2013 1.51 2.39 b. Of the years listed above, the paycheck of the average worker declined in of the six years. c. Of the years listed above, the purchasing power of the average worker declined in of the six years. d. The average real income of households can increase (Click to select)
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