Average wage per month in 2000 is $ 2,000. What should be dearness allowance expressed as % of wages? What should be the average wage per worker per month in 2005 in that town so that the standard of living of worker does not fall below the 2000 level? Proportion of Expenditure on Item 132 Item of Consumption Food Clothing Fuel and lighting Housing Miscellaneous Consumer Price Index 2005 (2000 = 100) %3D 60% 12% 16% 154 147 178 158 8% 4%

Average wage per month in 2000 is $ 2,000. What should be dearness allowance expressed as % of wages? What should be the average wage per worker per month in 2005 in that town so that the standard of living of worker does not fall below the 2000 level? Proportion of Expenditure on Item 132 Item of Consumption Food Clothing Fuel and lighting Housing Miscellaneous Consumer Price Index 2005 (2000 = 100) %3D 60% 12% 16% 154 147 178 158 8% 4%

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 1CQQ

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