To calculate real wages in Year 1, it is correct to divide nominal wages in Year 1 by the CPI in year 1, and multiply the resultant figure by 100.

Name: To calculate real wages in Year 1, it is correct to divide nominal wages in Year 1 by the CPI in year 1, and multiply the resultant figure by 100.
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This is the correct calculation for calculating real wages in a specific year. Real wages adjust nominal wages for inflation, allowing for a more accurate comparison of purchasing power over time.

To Calculate Real Wages in Year 1, It Is Correct