estion 8 Table 20-15 Nominal Average Hourly Earnings $10 Year CPI 2014 1.00 2015 10 1.05 2016 12 1.10 Refer to Table 20-15. Looking at the table above, the nominal average hourly earnings that you should have in 2016 in order to achieve the same purchasing power as in 2014 are O $10.90. O $11. O $12. O $13.20.

ENGR.ECONOMIC ANALYSIS
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estion 8
Table 20-15
Nominal Average
Hourly Earnings
$10
Year
CPI
2014
1.00
2015
10
1.05
2016
12
1.10
Refer to Table 20-15. Looking at the table above, the nominal average hourly earnings that you should have in 2016 in order to achieve the same purchasing power as in 2014 are
O $10.90.
O $11.
O $12.
O $13.20.
Transcribed Image Text:estion 8 Table 20-15 Nominal Average Hourly Earnings $10 Year CPI 2014 1.00 2015 10 1.05 2016 12 1.10 Refer to Table 20-15. Looking at the table above, the nominal average hourly earnings that you should have in 2016 in order to achieve the same purchasing power as in 2014 are O $10.90. O $11. O $12. O $13.20.
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