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

Table 13-14
$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal Average } \\\text { Hourly Earnings }\end{array} & \begin{array} { c } \text { CPI } ( \mathbf { 1 9 8 2 - 1 9 8 4 } = \\\mathbf { 1 0 0 } ) \end{array} \\\hline 1965 & \$ 2.65 & 32 \\\hline 2010 & 22.59 & 219 \\\hline\end{array}$$
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 percentage change in real average earnings from 1965 to 2010 equals

A) 2.0 percent
B) 19.7 percent.
C) 24.5 percent.
D) 80.3 percent.

Correct Answer:

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