In 1986, 1996, and 2006, average weekly earnings in the United States were $310, $413, and $567 respectively. In 1986, 1996

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In 1986, 1996, and 2006, average weekly earnings in the United States were $310, $413, and $567 respectively. In 1986, 1996

, and 2006, the CPI was 110, 157, and 202 respectively. What are the real average weekly earnings in each year?In 1986, 1996, and 2006, average weekly earnings in the United States were $310, $413, and $567 respectively. In 1986, 1996, and 2006, the CPI was 110, 157, and 202 respectively. What are the real average weekly earnings in each year?

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1 answer:

Ket [755] · Answer 1 · 2023-05-24T17:05:03+03:00

Answer:

1986: 281.82

1996: 263.06

2006: 280.69

Explanation:

RWAE = Real weekly average earning = (Earning / CPI) * 100

Year 1986 :

Earning = 310

CPI = 110

RWAE = (310 / 110) * 100 = 281.82

Year 1996 :

Earning = 413

CPI = 157

RWAE = (413 / 157) * 100 = 263.06

Year 2006:

Earning = 567

CPI = 202

RWAE = (567 / 202) * 100 = 280.69

Hope this helps!

In​ 1986, 1996, and​ 2006, average weekly earnings in the United States were​ $310, $413, and​ $567 respectively. In​ 1986, 1996

In 1986, 1996, and 2006, average weekly earnings in the United States were $310, $413, and $567 respectively. In 1986, 1996