A factory worker earned $10 an hour in 1980. The CPI was 0.82 in 1980. The same factory worker was earning $15 an hour in 1990 when the CPI was 1.31. From 1980 to 1990, the factory worker's hourly real wage:
A. increased from $10 to $15.
B. remained constant.
C. decreased from $12.20 to $11.45.
D. increased from $7.63 to $18.29.
Answer: C
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