Over the last year, Eli has been working very hard and his employer has taken notice by giving him a 6% raise in his salary. Dur

Question

3 years ago

13

Over the last year, Eli has been working very hard and his employer has taken notice by giving him a 6% raise in his salary. Dur

ing this last year, overall prices in the economy have increased by 4%. Given this information, Eli's real wage has: a stayed constant. b increased by 2%. c increased by 10%. d decreased by 4%. e increased by 6%.

Business

1 answer:

ELEN [110] · Answer 1 · 2022-04-20T15:05:00+03:00

ELEN [110]3 years ago

7 0

Answer:

b increased by 2%.

Explanation:

Increase in real wage = 6% - 4% = 2%