Real wage is a wage deflated by the current consumer price index. It gives information on how much current wage compares to the wage of given base year period. Real wage is obtained by dividing the nominal wage by the current Consumer Price Index (CPI) of a given month multiplied by 100. The table below presents the real wage and nominal wage of non-agriculture workers in the Philippines as of December 2019 by region. Nominal Wage CPI Real Wage Region NCR 537.00 119.8 448.25 CAR 350.00 120.4 290.70 I 340.00 120.9 281.22 I 360.00 122.8 293.16 I 400.00 120.7 331.40 IV-A 400.00 120.4 332.23 IV-8 320.00 124.1 257.86 V 310.00 123.9 250.20 VI 395.00 123.2 320.62 VII 386.00 125.2 308.31 VII 315.00 125.7 250.60 IX 316.00 126.1 250.59 X 365.00 125.7 290.37 XI 396.00 122.3 323.79 XII 311.00 125.1 248.60 320.00 121.2 264.03 CARAGA ARMM 280.00 127.9 218.92

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section: Chapter Questions
Problem 3CR
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Question
Real wage is a wage deflated by the current consumer price index. It gives information on
how much current wage compares to the wage of given base year period. Real wage is
obtained by dividing the nominal wage by the current Consumer Price Index (CPI) of a
given month multiplied by 100.
The table below presents the real wage and nominal wage of non-agriculture
workers in the Philippines as of December 2019 by region.
Region
CPI
Real Wage
Nominal Wage
537.00
NCR
119.8
448.25
CAR
350.00
120.4
290.70
1
340.00
120.9
281.22
360.00
122.8
293.16
400.00
120.7
331.40
400.00
120.4
332.23
320.00
124.1
257.86
310.00
123.9
250.20
395.00
123.2
320.62
386.00
125.2
308.31
315.00
125.7
250.60
316.00
126.1
250.59
365.00
125.7
290.37
396.00
122.3
323.79
311.00
125.1
248.60
320.00
121.2
264.03
280.00
127.9
218.92
II
IV-A
IV-B
V
VI
VII
VIII
IX
X
XI
XII
CARAGA
ARMM
Transcribed Image Text:Real wage is a wage deflated by the current consumer price index. It gives information on how much current wage compares to the wage of given base year period. Real wage is obtained by dividing the nominal wage by the current Consumer Price Index (CPI) of a given month multiplied by 100. The table below presents the real wage and nominal wage of non-agriculture workers in the Philippines as of December 2019 by region. Region CPI Real Wage Nominal Wage 537.00 NCR 119.8 448.25 CAR 350.00 120.4 290.70 1 340.00 120.9 281.22 360.00 122.8 293.16 400.00 120.7 331.40 400.00 120.4 332.23 320.00 124.1 257.86 310.00 123.9 250.20 395.00 123.2 320.62 386.00 125.2 308.31 315.00 125.7 250.60 316.00 126.1 250.59 365.00 125.7 290.37 396.00 122.3 323.79 311.00 125.1 248.60 320.00 121.2 264.03 280.00 127.9 218.92 II IV-A IV-B V VI VII VIII IX X XI XII CARAGA ARMM
4. Referring to the data, how many regions are above the 80th percentile of the nominal
wage?
A. 3
B. 4
C. 5
D. 6
Transcribed Image Text:4. Referring to the data, how many regions are above the 80th percentile of the nominal wage? A. 3 B. 4 C. 5 D. 6
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