The table below shows the average wages in Kwachas per week of a group of industrial workers during the year 1989-1996. The consumer price Index for the years with 1989 as base are shown below.

Month CPI January 281.93 February 284.18 March 287.71 April 288.66 The minimum wage was $1.60 in 1968. The CPI in December of 1968 was 35.6 and we have the data above for CPI values in 2022.  What is the value of the 1968 minimum wage in April 2022 terms? Round your answer to two digits after the decimal without the dollar sign. Make sure you are using the correct base period.

Between 1927 and 1977, the average wage in Mistania increased from $13:50 to $24.50. During that same time, Mistanias CPI increased from 100 to 195. Calculate the percentage change in the real wage rate in Mistania between 1927 and 1977.

Refer to the table given. If 2010 is the base year, the price index in 2011 is .. Price per unit (TL) 2011 Units purchased 2009 2010 2012 Blueberries 2.00 2.00 2.10 2.40 Pineapples 5 2.00 2.50 2.50 3.00 Cheese 2.50 3.00 3.50 4.00 105.8 94.2 106.1 93.9

Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar.YearGolferNominal WinningsU.S. CPIWinnings in 2021 Dollars(Dollars)(1983 = 100)1945    Byron Nelson    63,336    18        1972    Jack Nicklaus    320,542    41.8        1982    Craig Stadler    446,462    96.5        2021    John Rahm    7,705,933    264.7    7,705,933

Calculate how these famous athletes from different time periods rank in salary by converting each to today's $ (our CPI in 2023 is 304). Year CPI income 1980 82.4 Sugar Ray Leonard $18,000,000 (boxing) 1931 15.2 2015 Athlete's nominal 237.0 Babe Ruth $80,000 (baseball) Lionel Messi $73,800,000 (beautiful game) Each athlete's real income (in 2023 $) Rank of earnings in today's $

If the Nominal GDP is 120 and the real GDP is 100 find the level of price index

Look at this graph of real wage index in England between 1260 and 1800. Consider also that, in the bubonic plague of 1348 and 1351, between one quarter and one third of Europe's population died. 800 700 Bubonic plague Statute of 600 Labourers s00 400 140 300 200 100 1260 1348 1800 2000 80 60 40 Peasants rebellion Kett's rebellion Glorious Revolution 20 1260 1320 1380 1440 1500 1560 1620 1680 1740 1800 Select one or more: a. According to the Malthusian model, the fall in the population due to the bubonic plague would have led to an increase in the average productivity of workers, causing the observed rise in the real wage post-plague. b. The doubling and halving of the real wage index over 250 years from around 1350 cannot be explained by the Malthusian model. c. The fall in the unskilled workers' share of total output in the 17th and 18th centuries was due to the fall in their average product of labour. d. In the Malthusian model, the rise in real wages from 1800 onwards, at the same…

The following figure is an index (base 1850) of average real wages of skilled workers in London between 1264 and 2001. Based on this information, which of the following statements is correct? Real wage index (1850-100) 8001 700 600- 500- 400- 300- 200- 100- 0 1260 1334 Malthusian trap Escape 1408 1482 1556 1630 1704 1778 1852 1926 2000 Smith Malthus Some of the rapid rise in wages depicted can be attributed to inflation. Malthus was incorrect in his assessment of the historical data. London was able to escape from the Malthusian trap by reducing its population growth rate. The shape of the graph would be the same even if a different year was used as the base year.