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gerti gerti
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5 years ago
The real wage in Fantasyland has been constant since 1950. The nominal wage in 2015 was $100, and the Consumer Price Index (CPI) was 200 in 2015. What was the nominal wage in 2002 if the CPI was 50 in 2002?
A) Nominal wage = $25
B) Nominal wage = $400
C) Nominal wage = $100
D) Nominal wage = $250
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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ruthalvarezruthalvarez
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5 years ago
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gerti Author
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5 years ago
Thank you, thank you, thank you!
Lawson1981
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Brilliant ツ
Danivalda
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Thanks
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