Thank you for the opportunity to help you with your question!
Real wage rate in a year=(nominal wage in a year/CPI in a year) * 100
In 1999=18/166 x 100=$10.84
In 2001=21/180 x 100=$11.67
more than, did
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?