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Average hourly wages for workers in service industries for the four years from 2002 through 2005 are reported here. use the consumer price index...

This question was answered on Apr 22, 2010. View the Answer
#11. Average hourly wages for workers in service industries for the four years from 2002 through 2005 are reported here. use the consumer price index information provided to deflate the wages series. calculate the percentage increase or decrease in real wages and salaries from 2003 to 2005

YEAR HOURLY WAGES CPI (1982-1984 base)
2002 18.52 179.9
2003 18.95 184.02004 19.23 188.9
2005 19.46 195.3

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This question was asked on Apr 21, 2010 and answered on Apr 22, 2010.

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