?19742015Minimum wage per hour$ 2.00$ 7.25Weekly income from minimum wage$80.00$290.00Cost of a standard basket of goods$47.00$236Number of baskets per week1.701.23Use Table 2.5 above to answer the question. By what percentage did the federal minimum wage increase between 1974 to 2015?

A. 72.41 percent
B. 262.5 percent
C. 362.5 percent
D. 525.0 percent


Answer: B

Economics

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