Suppose Joe's wage increased from $10 per hour to $12 per hour, and over the same time period the GDP deflator increased from 100 to 130. What can you correctly say about what Joe gets out of working?
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Home » Business » Suppose Joe's wage increased from $10 per hour to $12 per hour, and over the same time period the GDP deflator increased from 100 to 130. What can you correctly say about what Joe gets out of working?