If the nominal wage is $30 in 2011 and the CPI is 202 in 2011, then the real wage in 1982-1984
Dollars
A) is $29.00.
B) is $14.85.
C) is $1.48.
D) is $30.
E) cannot be calculated without the past year wage rate.
Correct Answer:
Verified
Q7: If the cost of the CPI market
Q8: If your nominal income is $80,000 and
Q9: In a small, agricultural nation, consumers buy
Q10: The real interest rate equals the
A)nominal interest
Q12: For the purpose of measuring the cost
Q13: The GDP deflator measures
A)the price level.
B)nominal GDP.
C)the
Q14: The CPI is reported once every
A)quarter.
B)other year.
C)year.
D)week.
E)month.
Q15: An example of the commodity substitution bias
Q16: Consumers in Beachland consume only two goods,
Q17: To measure the CPI,the BLS economic assistants
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents