Ask Question
1 May, 02:56

Julie received a 10% wage increase while consumer prices rose by 3%. how much did julie's real wage increase in nominal and real terms?

+5
Answers (1)
  1. 1 May, 03:12
    0
    Julie’s nominal wage increase is 10% whereas her real wage increase in only 7% because 3% of her wage increase is negated by the increase in the cost of goods and services reflected by the 3% increase in the CPI.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Julie received a 10% wage increase while consumer prices rose by 3%. how much did julie's real wage increase in nominal and real terms? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers