Waec Model Questions Vol1 2018 Economics Question 21
Practice objective / multiple choice question 21 from the 2018 Waec Model Questions Vol1 Economics examination.
The Consumer Price Index (CPI) was 100 in the base year 2015. It rose to 112 in 2017 and to 119 in 2018. A worker earned ₦20,000 in 2017 and ₦22,500 in 2018 (nominal wages). Calculate the percentage growth in the worker's real wage between 2017 and 2018. Express your answer to two decimal places.
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About This Question
This is Waec Model Questions Vol1 2018 Economics Question 21. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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