If the nominal wage is $30 in 2011 and the CPI is 202 in 2011, then the real wage in 1982-1984 dollars

A) is $14.85.
B) is $30.
C) is $1.48.
D) is $29.00.
E) cannot be calculated without the past year wage rate.


A

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Answer the following statement true (T) or false (F)

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