Real wage is a wage deflated by the current consumer price index. It gives information on how much current wage compares to the wage of given base year period. Real wage is obtained by dividing the nominal wage by the current Consumer Price Index (CPI) of a given month multiplied by 100. Table 1 below presents the real wage and nominal wage of non-agriculture workers in the Philippines as of December 2019 by region. Referring to the data, how many regions are below the 4th decile of the real wage? A. 4 B. 5 C. 6 D. 7 Referring to the data, how many regions are above the 80th percentile of the nominal wage? A. 4 B. 5 C. 6 D. 7
Real wage is a wage deflated by the current consumer price index. It gives information on how much current wage compares to the wage of given base year period. Real wage is obtained by dividing the nominal wage by the current Consumer Price Index (CPI) of a given month multiplied by 100. Table 1 below presents the real wage and nominal wage of non-agriculture workers in the Philippines as of December 2019 by region. Referring to the data, how many regions are below the 4th decile of the real wage? A. 4 B. 5 C. 6 D. 7 Referring to the data, how many regions are above the 80th percentile of the nominal wage? A. 4 B. 5 C. 6 D. 7
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Real wage is a wage deflated by the current consumer price index. It gives information on how much current wage compares to the wage of given base year period. Real wage is obtained by dividing the nominal wage by the current Consumer Price Index (CPI) of a given month multiplied by 100. Table 1 below presents the real wage and nominal wage of non-agriculture workers in the Philippines as of December 2019 by region.
Referring to the data, how many regions are below the 4th decile of the real wage?
A. 4
B. 5
C. 6
D. 7
Referring to the data, how many regions are above the 80th percentile of the nominal wage?
A. 4
B. 5
C. 6
D. 7
Transcribed Image Text:Region
Nominal Wage
CPI
Real Wage
NCR
537.00
119.8
448.25
CAR
350.00
120.4
290.70
340.00
120.9
281.22
360.00
122.8
293.16
II
400.00
120.7
331.40
IV-A
400.00
120.4
332.23
IV-B
320.00
124.1
257.86
V
310.00
123.9
250.20
VI
395.00
123.2
320.62
VII
386.00
125.2
308.31
VII
315.00
125.7
250.60
IX
316.00
126.1
250.59
365.00
125.7
290.37
XI
396.00
122.3
323.79
II
311.00
125.1
243.60
CARAGA
320.00
121.2
264.03
ARMM
280.00
127.9
218.92
Table 1. Nominal and Real Wages of Non-Agricultural Workers by Region.
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