Sam Steward is a freelance Web page designer. Listed are his yearly wages between 2015 and 2018. Also included is an industry index for Web page designers that reports the rate of wage inflation in the industry. This index has a base period of 2010. Year Wage ($000) Index (2010 = 100) 2015 135.0 161.0 2016 145.6 173.9 2017 156.5 187.7 2018 169.1 203.8 Did his wages keep up with inflation, or did he lose ground? (Round your final answers for real wages to the nearest whole dollar and round the final percent value to 2 decimal places.) Sam's real wages decreased from _____________________in 2015 to ____________ in 2018 measured in 2010 dollars. This is a decrease in the real wage of ___________ % over the three years.
Sam Steward is a freelance Web page designer. Listed are his yearly wages between 2015 and 2018. Also included is an industry index for Web page designers that reports the rate of wage inflation in the industry. This index has a base period of 2010. Year Wage ($000) Index (2010 = 100) 2015 135.0 161.0 2016 145.6 173.9 2017 156.5 187.7 2018 169.1 203.8 Did his wages keep up with inflation, or did he lose ground? (Round your final answers for real wages to the nearest whole dollar and round the final percent value to 2 decimal places.) Sam's real wages decreased from _____________________in 2015 to ____________ in 2018 measured in 2010 dollars. This is a decrease in the real wage of ___________ % over the three years.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...
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Sam Steward is a freelance Web page designer. Listed are his yearly wages between 2015 and 2018. Also included is an industry index for Web page designers that reports the rate of wage inflation in the industry. This index has a base period of 2010.
| Year | Wage ($000) | Index (2010 = 100) |
| 2015 | 135.0 | 161.0 |
| 2016 | 145.6 | 173.9 |
| 2017 | 156.5 | 187.7 |
| 2018 | 169.1 | 203.8 |
Did his wages keep up with inflation, or did he lose ground? (Round your final answers for real wages to the nearest whole dollar and round the final percent value to 2 decimal places.)
Sam's real wages decreased from _____________________in 2015 to ____________ in 2018 measured in 2010 dollars. This is a decrease in the real wage of ___________ % over the three years.
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