Friday

August 22, 2014

August 22, 2014

Posted by **sally** on Saturday, February 27, 2010 at 2:54pm.

a.) If the CPI increases 3 percent for each of the next four years (so inflation rate is 3% for each next four years), find the minimum wage for 2010 and 2011.

b.) if the CPI overstates inflation by 1%, calculate a revised minimum wage for each year 2010 to 2011 removing the CPI bias

C.) How much does the CPI bias affect the minimum wage in 2010 and 2011

**Related Questions**

algebra - Minimum Wage: The table shows minmum wage for three different years ...

math - Hi I can't remember how to figure this out. Can you give me an idea? In ...

Math - In 1968, the U.S. minimum wage was $1.60 per hour. In 1976, the minimum ...

algebra - restaurants typically pay wait staff an hourly wage that is lower than...

Algebra - Minimum Wage. In 1995, the minimum wage was $4.25 per hour, and by ...

Algebra - The table shows the minimum wage for three different years. Year 1940...

microeconomics - utilize your knowledge of supply/demand analysis and show ...

microeconomics - TRUE OR FALSE: 9. Assume that the Minimum Wage has increased to...

Math - 1. Make a scatterplot of the data in the viewing rectanlge[19030,2010,10]...

history - How did Roosevelt's New Deal try to help business? a. by raising ...