industrial workers during the years 1980-87. The consumer price indices for these years with 1980 as base we 10-35. The table given below shows the average wages in rupees per week of a group of dre also shown: 1980 1986 1987 : 1981 1982 1983 1984 1985 Year Average Wage of Workers (Rs.) : Consumer Price Index () Determine the Real Wage of workers during the years 1980-87 as compared with their wages in 119 133 144 157 175 184 189 194 100 107-6 106-6 107-6 116-2 118-9 119-8 120-2 1980. (ii) Determine the purchasing power of Rupee for the year 1987 as compared te thẹ year 1980. What is the significance of this result? res "recextl

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industrial workers during the years 1980-87. The consumer price indices for these years with 1980 as base
we 10-35. The table given below shows the average wages in rupees per week of a group of
are
also shown:
:
1980
Year
Average Wage of Workers (Rs.) .
Consumer Price Index
() Determine the Real Wage of workers during the years 1980-87 as compared with their wages in
1981
1982
1983
1984
1985
1986
1987
119
133
144
157
175
184
189
194
100
107-6
106-6
107-6
116-2
118-9
119-8
120-2
1980.
(ii) Determine the purchasing power of Rupee for the year 1987 as compared te the year 1980. What is
the significance of this result ?
res
Transcribed Image Text:industrial workers during the years 1980-87. The consumer price indices for these years with 1980 as base we 10-35. The table given below shows the average wages in rupees per week of a group of are also shown: : 1980 Year Average Wage of Workers (Rs.) . Consumer Price Index () Determine the Real Wage of workers during the years 1980-87 as compared with their wages in 1981 1982 1983 1984 1985 1986 1987 119 133 144 157 175 184 189 194 100 107-6 106-6 107-6 116-2 118-9 119-8 120-2 1980. (ii) Determine the purchasing power of Rupee for the year 1987 as compared te the year 1980. What is the significance of this result ? res
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