What would jodie have to earn at the end of year

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Jodie earns 25,000 atthe end of year 1,when the CPI was 460. If the CPI at the end ofyear 2 is 504, what would Jodie have to earn at the end of year 2to maintain a constant real wage?
What would she ahve to earn in year 2 to obtain a 5% increasein her real wage? What percentage increase in the nominal wage is this?

Reference no: EM13244007

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