I worker earned 1200 hr in 1990 and 1800 in 2000 then who

Reference no: EM13392204

If the worker earned $12.00 /hr. in 1990 and $18.00 in 2000, then who would have a higher nominal income and a higher real income? 1990 is the Base Year and CPI in 2000 is 160.

A) Nominal Income for worker in 2000 is higher and the Real Income for worker in 2000 is higher.

B) They will have the same nominal Income and same real incomes.

C) Need more information than the ones provided to answer correctly.

D) The Nominal Income of the 1990 worker is higher and the Real Income for worker in 1990 is also higher.

E) Nominal Income for worker in 2000 is higher and Real Income for worker in 1990 is higher.

F) Nominal Income for worker in 1990 is higher and Real Income for worker in 2000 is higher.

Reference no: EM13392204

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