Question

Best Buy Books agreed to pay its workers ​$8 an hour in 2009 and ​$12 an...

Best Buy Books


agreed to pay its workers

​$8

an hour in 2009 and

​$12

an hour in 2011.

The CPI was 166 in 2009 and 180 in 2011.

Calculate the real wage rate in each year.

Did these workers really get a pay raise between 2009 and​ 2011?

  

​>>> Answer to 2 decimal places.

The real wage rate in 2009 was

​$

nothing.

The real wage rate in 2011 was

​$

nothing.

The workers

▼


didn't

did

get a real raise between 2009 and 2011.

Enter your answer in each of the answer boxes.


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