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Stat time series. 96th question

Maths & Stats

96 th question explanation

IMG_0610.HEIC

MATURU HAMSA GAYATRI

CA Final

★ 21K+

03-Jun-21 21:57

231

Answers (1)

Best Answer

c. Less than 10%. Real wages are wages adjusted for inflation. Here, we have nominal wage index of 120. And price index of 110 after change. Dividing wage index by price index and multiplying by 100, we get 109.0909...thus, 9.1% increase in real wages