Multiple Choice

-The table above has information about the CPI, nominal wage rate, and nominal interest rate for the country of Syldavia for the years 2009 to 2011.The reference base year is 2009.The real wage rate in Syldavia during 2010 was
A) $14.00.
B) $15.00.
C) $15.79.
D) $14.22.
E) $14.25.
Correct Answer:
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