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Table 9-14 Nominal Average CPI (1982- Year Hourly Earnings 1984 = 100) 1965 $2.65 32 22.59 219 2010 The table above reports the nominal average hourly earnings in private industry and the consumer price index for 196 and 2010. Refer to Table 9-14. The real average hourly earnings for 1965 in 2010 dollars equal O $3.87. O $5.80. O $12.10. O $18.14.

Table 9-14 Nominal Average CPI (1982- Year Hourly Earnings 1984 = 100) 1965 $2.65 32 22.59 219 2010 The table above reports the nominal average hourly earnings in private industry and the consumer price index for 196 and 2010. Refer to Table 9-14. The real average hourly earnings for 1965 in 2010 dollars equal O $3.87. O $5.80. O $12.10. O $18.14.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Please provide me with the correct answer, complete with a detailed explanation and calculations; otherwise, I will give multiple downvotes.Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
Table 9-14 Nominal Average CPI (1982- Year Hourly Earnings 1965 $2.65 1984 = 100) - 32 22.59 219 2010 The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965 and 2010. Refer to Table 9-14. The real average hourly earnings for 1965 in 2010 dollars equal O $3.87. O $5.80. O $12.10. O $18.14.
Transcribed Image Text:Table 9-14 Nominal Average CPI (1982- Year Hourly Earnings 1965 $2.65 1984 = 100) - 32 22.59 219 2010 The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965 and 2010. Refer to Table 9-14. The real average hourly earnings for 1965 in 2010 dollars equal O $3.87. O $5.80. O $12.10. O $18.14.
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