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REY [17]
3 years ago
12

Julie received a 10% wage increase while consumer prices rose by 3%. how much did julie's real wage increase in nominal and real

terms?
Business
1 answer:
Diano4ka-milaya [45]3 years ago
7 0
<span>Julie’s nominal wage increase is 10% whereas her real wage increase in only 7% because 3% of her wage increase is negated by the increase in the cost of goods and services reflected by the 3% increase in the CPI.</span>
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7 0
4 years ago
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