Question

Calculate the percentage change in U.S. real minimum wages between 1957 and​ 2016:

negative 18.38​%. ​(Enter your response as a percentage rounded to two decimal​ places).Calculate the percentage change in French real minimum wages between 1957 and​ 2016:

286.97​%. ​(Enter your response as a percentage rounded to two decimal​ places).

Use the information in the Slowing table to determine the percentage changes in te U.S and French real miimum wages betwean 1957 and 2016 United States France Year 1957 016 Minimum wage (dollars per hour $1.00 ST 25 CPI 27 (euros per hour) 0.19 euros 976 auron CPI 108 n Advanoed Countries, Chisago: University of Chicage Press, 189 pp. 427-472( www.inseef: US Department o Laber; and U.8 Bureau of Laber Statistics value for the misimum wage is given in franes; it was canvened to euras at a Caliate the prentage change n us.rea/mnmum wages between 1957 and 2010: Hlaa%Entw nur msponse asa between 1967 sed 201t ass?% entw your monse asa perintegeroundedto two dem. places percen age nu nedloh eden apacea Cakun, the pe compe change n Frenonu minum am Based on the above caiculations we can conclude that lthough nominal minimum wages fel in the US real minimum wages increased duning this period . French workers are better educaled hence they wold always command a higher wage sate ,c ฝ"eugh romal mnrmum weges rereased i.the US-real minum wages sli drng Pes penod

Answer 1

Solution: