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Loraine Loraine
wrote...
Posts: 4563
8 years ago
If we look at the nominal versus real wage rates paid to Presidents over time, we find that
A) George Washington was paid a higher real wage rate than Bill Clinton.
B) George W. Bush is the highest paid according to real wage rates.
C) the real wage rate has steadily increased to $400,000 per year.
D) the nominal wage has increased and decreased at different times because of inflation.
E) George W. Bush's nominal wage is about equal to the average nominal wage paid all presidents.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 228 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Chimelo46Chimelo46
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Posts: 5641
8 years ago
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8 years ago
The textbook reference in your signature really helped me narrow it down.

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