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Question: year avg nominal wage cpi 1990 954 100 1996 1118...

Question details
Year Avg. Nominal Wage CPI
1990 $9.54 100
1996 $11.18 127

A. Assuming 1990 is the base year, what would the index of nominal wages be for 1996?

B. Assuming 1990 is the base year, what would the index of real wages be for 1996?

C. What was the percentage change in real wages over the period 1990 to 1996?

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