A-LevelEconomicsThe macroeconomy9708/12 · Oct/Nov 2011 · Q251 Mark
At the start of 2009, a worker earned $100 a week. In 2009, the Retail Price Index (RPI) rose 4% and his average wage rose 7%. In 2010, the RPI fell 3% and his wage fell 2%. What happened to his real wage between the start of 2009 and the end of 2010?
AIt fell by less than 5%.
BIt fell by more than 5%.
CIt rose by less than 5%.
DIt rose by more than 5%.
✓ Correct answer
C: It rose by less than 5%.
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