Table 13-14 The Table Above Reports the Nominal Average Hourly Earnings in Nominal

Table 13-14
$\begin{array}{|c|c|c|}\hline \text { Year } & \begin{array}{c}\text { Nominal Average } \\\text { Hourly Earnings }\end{array} & \begin{array}{c}\text { CPI (1982-1984 = } \\\mathbf{1 0 0}) \end{array} \\\hline 1965 & \$ 2.65 & 32 \\\hline 2010 & 22.59 & 219 \\\hline\end{array}$ The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965 and 2010.
-Refer to Table 13-14.The real average hourly earnings for 1965 in 1982-1984 dollars equal

A) $1.28.
B) $6.49.
C) $8.28.
D) $15.45.

Correct Answer:

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