The real wage equals the nominal wage ________ the CPI,all times 100.
A)divided by
B)times
C)minus
D)plus

Name: The real wage equals the nominal wage ________ the CPI,all times 100. A)divided by B)times C)minus D)plus
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Question

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The real wage is calculated by dividing the nominal wage by the Consumer Price Index (CPI) and then multiplying by 100. This adjusts the nominal wage for inflation, providing a measure of the purchasing power of the wage.

The Real Wage Equals the Nominal Wage ________ the CPI,all