?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 week1.701.23
Use Table 2.5 above to answer the question. The nominal value of the minimum wage in 2015 was:
A. $2.00 per hour.
B. $3.63 per hour.
C. $5.62 per hour.
D. $7.25 per hour.
Answer: D
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