Refer to the information provided in Table 15.1 below to answer the questions that follow.
Table 15.1
-Refer to Table 15.1. From 2015 to 2016 the real wage
A) rises.
B) falls.
C) stays the same.
D) rises then falls.

Question

Refer to the information provided in Table 15.1 below to answer the questions that follow.
Table 15.1 
-Refer to Table 15.1. From 2015 to 2016 the real wage
A) rises. 
B) falls. 
C) stays the same. 
D) rises then falls.

Quizplus · Accepted Answer

The real wage falls if the nominal wage increases at a slower rate than inflation, or if the nominal wage decreases while inflation is positive. Without the table, we assume this is the case based on the options provided.

Refer to the Information Provided in Table 15