Table 5-7 shows a mechanic's hourly wage and the respective price indexes for the years 1975 and 2005. Use the table to answer questions .
Table 5-7
-Refer to Table 5-7. Calculate a mechanic's real wage in 1975.
A) $25
B) $30
C) $31.2
D) $36
Correct Answer:
Verified
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