Looking at the following table,real wages ________ from 2016 to 2017 and real wages ________ from 2017 to 2018. $$\begin{array} { | c | c | c | }
\hline\text { Year } & \text { Nominal Average } & \text { CPI } \
& \text { Hourly Earnings, \$ } & (2016=100)\

\hline 2016 & 10 & 100 \
\hline 2017 & 10 & 105 \
\hline 2018 & 12 & 110 \
\hline
\end{array}$$

Question

Looking at the following table,real wages ________ from 2016 to 2017 and real wages ________ from 2017 to 2018. $$\begin{array} { | c | c | c | } 
\hline\text { Year } & \text { Nominal Average } & \text { CPI } \
& \text { Hourly Earnings, \$ } & (2016=100)\

\hline 2016 & 10 & 100 \
\hline 2017 & 10 & 105 \
\hline 2018 & 12 & 110 \
\hline
\end{array}$$

Quizplus · Accepted Answer

Real wages fell from 2016 to 2017 because nominal wages stayed the same while the CPI increased, reducing purchasing power. From 2017 to 2018, real wages rose because nominal wages increased more than the CPI, increasing purchasing power.

Looking at the Following Table,real Wages ________ from 2016 to 2017