Table 13-18 -Refer to Table 13-18

Table 13-18
$\begin{array}{|c|c|c|}\hline \text { Year } & \begin{array}{c}\text { Nominal Average Hourly } \\\text { Earnings }\end{array} & \text { CPI } \\\hline 2016 & \$ 10 & 100 \\\hline 2017 & 10 & 105 \\\hline 2018 & 12 & 117 \\\hline\end{array}$
-Refer to Table 13-18.Looking at the table above,what is the rate of growth of real average hourly earnings from 2017 to 2018?

A) 7.8%
B) 6.25%
C) 4%
D) -4%

Correct Answer:

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