Using the following table,calculate real average hourly earnings for 2016,2017,and 2018.Calculate the rate of growth of real average hourly earnings from 2017 to 2018.
$$\begin{array} { | c | c | c | }
\hline \text { Year } & \begin{array} { c }
\text { Nominal Average } \
\text { Hourly Earnings, \$ }
\end{array} & \text { CPI } \
\hline 2016 & 10 & 100 \
\hline 2017 & 11 & 105\
\hline 2018 & 12 & 110 \
\hline
\end{array}$$ _____________________________________________________________________________________________
_____________________________________________________________________________________________

Question

Using the following table,calculate real average hourly earnings for 2016,2017,and 2018.Calculate the rate of growth of real average hourly earnings from 2017 to 2018.
 $$\begin{array} { | c | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Nominal Average } \
\text { Hourly Earnings, \$ }
\end{array} & \text { CPI } \
\hline 2016 & 10 & 100 \
\hline 2017 & 11 & 105\
\hline 2018 & 12 & 110 \
\hline
\end{array}$$ _____________________________________________________________________________________________
_____________________________________________________________________________________________

Quizplus · Accepted Answer

The Answer of Using the following table,calculate real average hourly earnings for 2016,2017,and 2018.Calculate the rate of growth of real average hourly earnings from 2017 to 2018.
 $$\begin{array} { | c | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Nominal Average } \
\text { Hourly Earnings, \$ }
\end{array} & \text { CPI } \
\hline 2016 & 10 & 100 \
\hline 2017 & 11 & 105\
\hline 2018 & 12 & 110 \
\hline
\end{array}$$ _____________________________________________________________________________________________
_____________________________________________________________________________________________

Using the Following Table,calculate Real Average Hourly Earnings for 2016,2017,and