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April 19, 2014

Homework Help: Economics(Please respond, thank you)

Posted by Hannah on Friday, March 30, 2012 at 10:00pm.

Given the wage in dollar per day and the CPI for years 1 and 2 how do you calculate the nominal % increase in wage and the real % increase in wage?

I am not sure what to do for this or what the formula is if any. Thank you for your help.

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