Neco Model Questions Vol1 2025 Economics Question 14
Practice objective / multiple choice question 14 from the 2025 Neco Model Questions Vol1 Economics examination.
The Consumer Price Index (CPI) was 150 in 2022 and rose to 162 in 2023. A worker's nominal monthly wage increased from \(\text{₦}50{,}000\) to \(\text{₦}55{,}000\) over the same period. Calculate the percentage change in the worker's real wage between 2022 and 2023 (to one decimal place).
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About This Question
This is Neco Model Questions Vol1 2025 Economics Question 14. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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