Table 20-16
$$\begin{array} { | c | c | c | }
\hline \text { Year } & \begin{array} { c }
\text { Nominal Average } \
\text { Hourly Earnings }
\end{array} & \begin{array} { c }
\text { CPI } \
( \mathbf { 1 9 8 2 - 1 9 8 4 } = \mathbf { 1 0 0 } )
\end{array} \
\hline 2014 & \$ 10 & 100 \
\hline 2015 & 10 & 105 \
\hline 2016 & 12 & 110 \
\hline
\end{array}$$
-Refer to Table 20-16.Looking at the table above,real wages ________ from 2014 to 2015,and real wages ________ from 2015 to 2016.
A)rose;rose
B)rose;fell
C)fell;rose
D)fell;fell

Question

Table 20-16
 $$\begin{array} { | c | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Nominal Average } \
\text { Hourly Earnings }
\end{array} & \begin{array} { c } 
\text { CPI } \
( \mathbf { 1 9 8 2 - 1 9 8 4 } = \mathbf { 1 0 0 } )
\end{array} \
\hline 2014 & \$ 10 & 100 \
\hline 2015 & 10 & 105 \
\hline 2016 & 12 & 110 \
\hline
\end{array}$$
-Refer to Table 20-16.Looking at the table above,real wages ________ from 2014 to 2015,and real wages ________ from 2015 to 2016.
A)rose;rose
B)rose;fell
C)fell;rose
D)fell;fell

Quizplus · Accepted Answer

Looking at the table, we can see that the real wages fell from $39,000 in 2014 to $38,000 in 2015, and then rose to $38,500 in 2016. Therefore, the correct answer is option C: real wages fell from 2014 to 2015 and rose from 2015 to 2016.

Table 20-16 -Refer to Table 20-16