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Table 13-19 -Refer to Table 13-19

Question 226

Multiple Choice

Table 13-19
 Year  Nominal Average Hourly  Earnings  CPI (19821984=100) 2016$10100201710105201812110\begin{array}{|c|c|c|}\hline \text { Year } & \begin{array}{c}\text { Nominal Average Hourly } \\\text { Earnings }\end{array} & \begin{array}{c}\text { CPI } \\(\mathbf{1 9 8 2 - 1 9 8 4}=\mathbf{1 0 0}) \end{array} \\\hline 2016 & \$ 10 & 100 \\\hline 2017 & 10 & 105 \\\hline 2018 & 12 & 110 \\\hline\end{array}
-Refer to Table 13-19.Looking at the table above,what is the approximate rate of growth of real average hourly earnings from 2016 to 2017?


A) 15%
B) 4.4%
C) -1.5%
D) -4.8%

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