Which of the following formulas would you use to calculate the nominal wage rate?
A) nominal wage rate = real wage rate × CPI
B) nominal wage rate = (real wage rate × CPI) × 100
C) nominal wage rate = (real wage rate × CPI) ÷ 100
D) nominal wage rate = (real wage rate ÷ CPI) × 100
E) nominal wage rate = real wage rate ÷ CPI
C
You might also like to view...
The nation's structural unemployment will increase when
A) bad economic policies send the economy into a recession. B) there is influx into the labor market of new college graduates. C) there is an increase in post-Christmas layoffs of workers. D) an increase in textile imports displaces older textile workers who do not have the skills necessary to find new jobs.
Increasing opportunity while moving along a production possibility frontier is due to
What will be an ideal response?
As output decreases, in the short run
A. marginal cost eventually decreases. B. the difference between average total cost and average variable cost increases. C. the difference between total cost and average variable cost increases. D. All of the above are correct.
Human capital is a type of social capital.
Answer the following statement true (T) or false (F)