Mr. Dostievsky earned $40,000 in 1999, the base year. By 2006 he was earning $80,000. If the consumer price index was at 160 in 2006, how much would Mr. Dostievsky's real wages be that year, and by what percentage would they have changed? Real wages (2006): $1 Percentage change = %

Mr. Dostievsky earned $40,000 in 1999, the base year. By 2006 he was earning $80,000. If the consumer price index was at 160 in 2006, how much would Mr. Dostievsky's real wages be that year, and by what percentage would they have changed? Real wages (2006): $1 Percentage change = %

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Mr. Dostievsky earned $40,000 in 1999, the base year. By 2006 he was earning $80,000. If the consumer price index was at 160 in
2006, how much would Mr. Dostievsky's real wages be that year, and by what percentage would they have changed?
Real wages (2006): $
Percentage change =
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