Table 9-14 Nominal Average CPI (1982- Year Hourly Earnings 1984 = 100) 1965 $2.65 32 22.59 219 2010 The table above reports the nominal average hourly earnings in private industry and the consumer price index for 196 and 2010. Refer to Table 9-14. The real average hourly earnings for 1965 in 2010 dollars equal O $3.87. O $5.80. O $12.10. O $18.14.

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Chapter21: Unemployment
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Please provide me with the correct answer, complete with a detailed explanation and calculations; otherwise, I will give multiple downvotes.Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
Table 9-14
Nominal Average
CPI (1982-
Year
Hourly Earnings
1965
$2.65
1984 = 100)
- 32
22.59
219
2010
The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965
and 2010.
Refer to Table 9-14. The real average hourly earnings for 1965 in 2010 dollars equal
O $3.87.
O $5.80.
O $12.10.
O $18.14.
Transcribed Image Text:Table 9-14 Nominal Average CPI (1982- Year Hourly Earnings 1965 $2.65 1984 = 100) - 32 22.59 219 2010 The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965 and 2010. Refer to Table 9-14. The real average hourly earnings for 1965 in 2010 dollars equal O $3.87. O $5.80. O $12.10. O $18.14.
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