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QUESTION
A dozen cost $0.88 in January 1980 and 2.11 in January 2015. The average wage for production workers was $7.58 per hour in January 1980 and $19.64 in...
- A dozen cost $0.88 in January 1980 and 2.11 in January 2015. The average wage for production workers was $7.58 per hour in January 1980 and $19.64 in January 2015 for production workers was $7.58 per hour in January 1980 and $19.64 in January 2015.
- By what percentage did the price of eggs rise?
- By what percentage did the wage rise?
c.In each year, how many minutes did a worker have to work to earn enough to buy a dozen eggs?
d.Did workers' purchasing power in terms of eggs rise or fall?
