Table 13-15 -Refer to Table 13-15

Table 13-15
$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal Average } \\\text { Hourly Earnings }\end{array} & \text { CPI } \\\hline 2011 & \$ 10 & 100 \\\hline 2012 & 10 & 105 \\\hline 2013 & 12 & 110 \\\hline\end{array}$$
-Refer to Table 13-15.Looking at the table above,real average hourly earnings in 2011 were

A) $9
B) $9.52
C) $10
D) $12.63

Correct Answer:

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