The table below presents the real wage and nominal wage of non-agriculture workers in the Philippines as of December 2019 by region. Region Nominal Wage CPI Real Wage NCR 537.00 119.8 448.25 CAR 350.00 120.4 290.70 340.00 120.9 281.22 360.00 122.8 293.16 400.00 120.7 331.40 IV-A 400.00 120.4 332.23 IV-B 320.00 124.1 257.86
The table below presents the real wage and nominal wage of non-agriculture workers in the Philippines as of December 2019 by region. Region Nominal Wage CPI Real Wage NCR 537.00 119.8 448.25 CAR 350.00 120.4 290.70 340.00 120.9 281.22 360.00 122.8 293.16 400.00 120.7 331.40 IV-A 400.00 120.4 332.23 IV-B 320.00 124.1 257.86
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
![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.
The table below presents the real wage and nominal wage of non-agriculture
workers in the Philippines as of December 2019 by region.
Region
CPI
Real Wage
Nominal Wage
537.00
NCR
119.8
448.25
CAR
350.00
120.4
290.70
1
340.00
120.9
281.22
360.00
122.8
293.16
400.00
120.7
331.40
400.00
120.4
332.23
320.00
124.1
257.86
310.00
123.9
250.20
395.00
123.2
320.62
386.00
125.2
308.31
315.00
125.7
250.60
316.00
126.1
250.59
365.00
125.7
290.37
396.00
122.3
323.79
311.00
125.1
248.60
320.00
121.2
264.03
280.00
127.9
218.92
II
IV-A
IV-B
V
VI
VII
VIII
IX
X
XI
XII
CARAGA
ARMM](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1658fe5e-c413-46fe-907f-d232668f1676%2F78d210d9-7543-48b3-904e-819ebbe87329%2F5lgvdtvd_processed.png&w=3840&q=75)
Transcribed Image Text: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.
The table below presents the real wage and nominal wage of non-agriculture
workers in the Philippines as of December 2019 by region.
Region
CPI
Real Wage
Nominal Wage
537.00
NCR
119.8
448.25
CAR
350.00
120.4
290.70
1
340.00
120.9
281.22
360.00
122.8
293.16
400.00
120.7
331.40
400.00
120.4
332.23
320.00
124.1
257.86
310.00
123.9
250.20
395.00
123.2
320.62
386.00
125.2
308.31
315.00
125.7
250.60
316.00
126.1
250.59
365.00
125.7
290.37
396.00
122.3
323.79
311.00
125.1
248.60
320.00
121.2
264.03
280.00
127.9
218.92
II
IV-A
IV-B
V
VI
VII
VIII
IX
X
XI
XII
CARAGA
ARMM
![5. Find the 34th percentile of the nominal wage. Interpret the result.
A. 320; 34% of the scores falls below 320
B. 316; 34% of the scores falls below 316
C. 315; 34% of the scores falls below 315
D. 340; 34% of the scores falls below 340](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1658fe5e-c413-46fe-907f-d232668f1676%2F78d210d9-7543-48b3-904e-819ebbe87329%2F60hying_processed.png&w=3840&q=75)
Transcribed Image Text:5. Find the 34th percentile of the nominal wage. Interpret the result.
A. 320; 34% of the scores falls below 320
B. 316; 34% of the scores falls below 316
C. 315; 34% of the scores falls below 315
D. 340; 34% of the scores falls below 340
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