Table 13-18 -Refer to Table 13-18

Table 13-18
$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal Average Hourly } \\\text { Earnings }\end{array} & \begin{array} { c } \text { CPI } \\( \mathbf { 1 9 8 2 - 1 9 8 4 } = \mathbf { 1 0 0 } ) \end{array} \\\hline 2011 & \$ 10 & 100 \\\hline 2012 & 10 & 105 \\\hline 2013 & 12 & 117 \\\hline\end{array}$$
-Refer to Table 13-18.Looking at the table above,what is the rate of growth of real average hourly earnings from 2012 to 2013?

A) 7.7%
B) 6.25%
C) 4%
D) -4%

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free