In​ 1982-84 dollars, the real average hourly wage rate in 2003 was ​ $8.28 and in 2004​, it was ​ $8.24. In 2003​, the CPI was 184.0 and in 2004​, the CPI was 188.9. Calculate the nominal wage rate in 2003 and in 2004.
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Home » Business » In​ 1982-84 dollars, the real average hourly wage rate in 2003 was ​ $8.28 and in 2004​, it was ​ $8.24. In 2003​, the CPI was 184.0 and in 2004​, the CPI was 188.9.