(a). The consumer price index over a certain period increased from 120 to 215 and the ages of a worker increased from Rs. 1,680 to dollar 3,000. What is the gain or loss of the worker? (b) During a certain period, the consumer price index increased from 110 to 200, and the salary of a worker also increased from 3,500 to 5,000. What is the real gain, if any, to the worker?

(a). The consumer price index over a certain period increased from 120 to 215 and the ages of a worker increased from Rs. 1,680 to dollar 3,000. What is the gain or loss of the worker? (b) During a certain period, the consumer price index increased from 110 to 200, and the salary of a worker also increased from 3,500 to 5,000. What is the real gain, if any, to the worker?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....

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