In 2015, average hourly earnings were $15.35. By 2019, the had risen to $19.33. In the same period the CPI rose from 185.5 to 245.9. What was the real wage in each year, and how much did it change?
In 2015, average hourly earnings were $15.35. By 2019, the had risen to $19.33. In the same period the CPI rose from 185.5 to 245.9. What was the real wage in each year, and how much did it change?
Chapter6: How Statisticians Measure Inflation
Section6.A: How Statisticians Measure Inflation
Problem 5TY
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9. In 2015, average hourly earnings were $15.35. By 2019, the had risen to $19.33. In the same period the
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