In 2008,the nominal minimum wage rate was $7.25 an hour and the CPI was 200.The real minimum wage rate in 2008 was
A) $3.63 an hour.
B) $14.50 an hour.
C) $1450 an hour.
D) $26.32 an hour.
E) $7.25 an hour.
Correct Answer:
Verified
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