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Assignment - Unemployment and Inflation: Two Persistent Problems in the Arab World
Learning Objectives -
Problem - Calculating Real Average Hourly Earnings
Year
Nominal Average Hourly Earnings
CPI (1984 = 100)
Real average Hourly Earnings (1984 Dollars)
2005
$16.13
195.3
2006
16.76
201.6
2007
17.42
207.3
Textbook - Economics, Arab World Edition R. Glenn Hubbard, Anthony Patrick O'Brien, Ashraf Eid, Amany El Anshasy,
Chapter 8: Unemployment and Inflation.
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