Question

ollege ER Blackboard Learn SL Student Lingo MSIMnet - Keep IT SL i ParentOnline - Public 5 New Tab > Instant Virtual Extra... SYKES Enterprises R siness Cycles, Un & Inf., Aggregate Exp. Model Saved The table below shows the annual change in the average nominal wage and inflation rate since 2008. a. Compute the percentage change in real income for each year shown in the table. Instructions: In part around your answers to 2 decimal places. In parts and c, enter your answers as a whole number. If entering a negative number include a minus sign. Percentage Changes in Nominal Income and Prices Annual Real Wage Growth (percent) Year 2008 2009 2010 2011 2012 2013 Annual Inflation Rate (percent) 3.84% - 0.36 1.64 3.16 2.07 1.46 Annual Nominal Wage Growth (percent) 0.33% - 1.20 - 0.74 1.37 2.68 2.23 b. Of the years listed above, the paycheck of the average worker declined in of the six years. c. Of the years listed above, the purchasing power of the average worker declined in of the six years. d. The average real income of households can increase (Click to select) Prew 5 37 : Na

Answer 1

Answel- Year Annual inflation rate Annual Nominal Wage Growth Annual real wage Growth (%) (7) 0.33% -3.51%. 2008 3.84% 2009 -0.84 - 1.20 -0.36 -2.38 -0.74 2010 1.64 -1.79 2011 3.16 1.37 0.61 2012 2.07 2.68 2013 1.96 0.77 2.23 b) of the years listed above, the paycheck of the overage worker declined in g out of the years listed above worker declined in 4 out of the six six years. the purchoing poweed of the average years. c) Of