In 1914, the “typical” daily wage at the Ford Motor Company was $5.00. In 1928, the figure was increased to $6.00. The U.S. CPI was 10.0 in 1914, and in 1928 it was 17.1. It follows that if Henry Ford had kept his workers’ real daily wage constant between 1914 and 1928, then the nominal 1928 wage would have been _____. Select one: a. 3.51 b. 8.55 c. 10.26 d. 2.92

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