A labor contract provides for a first-year wage of $10 per hour, and specifies that the real wage will rise by 3 percent in the second year of the contract and by another 3 percent in the third year. The CPI is 1.00 in the first year, 1.07 in the second year, and 1.15 in the third year. What dollar wage must be paid in the third year?
A. $12.20
B. $12.31
C. $11.15
D. $10.61
Answer: A
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A. Decrease B. Unsure C. Increase D. Stay the same
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a. 80 units b. 100 units c. 120 units d. 140 units
A matrix form is more likely to be found in organizations which:
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Which of the following contains a list only of things that increase when the budget deficit of the U.S. increases?
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