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If with rises of10% in price the wages are increased by 20% the real wages incresed by?
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If with rises of10% in price the wages are increased by 20% the real w...
Calculation of Real Wage Increase
Given: Price increase = 10%
Wage increase = 20%
Formula: Real wage increase = Wage increase - Price increase
Calculation:
- Let's assume the initial price of a product is $100.
- With a 10% increase, the new price would be $110.
- If the initial wage was $100, with a 20% increase, the new wage would be $120.
Real Wage Increase:
- Real wage increase = $120 - $110
- Real wage increase = $10
Therefore, the real wage increase would be $10.
This means that even though prices increased by 10% and wages increased by 20%, the real wage increase is only $10, indicating that the increase in wages outpaced the increase in prices, resulting in a higher purchasing power for the individual.
Given: Price increase = 10%
Wage increase = 20%
Formula: Real wage increase = Wage increase - Price increase
Calculation:
- Let's assume the initial price of a product is $100.
- With a 10% increase, the new price would be $110.
- If the initial wage was $100, with a 20% increase, the new wage would be $120.
Real Wage Increase:
- Real wage increase = $120 - $110
- Real wage increase = $10
Therefore, the real wage increase would be $10.
This means that even though prices increased by 10% and wages increased by 20%, the real wage increase is only $10, indicating that the increase in wages outpaced the increase in prices, resulting in a higher purchasing power for the individual.
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If with rises of10% in price the wages are increased by 20% the real wages incresed by?
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If with rises of10% in price the wages are increased by 20% the real wages incresed by? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If with rises of10% in price the wages are increased by 20% the real wages incresed by? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If with rises of10% in price the wages are increased by 20% the real wages incresed by?.
If with rises of10% in price the wages are increased by 20% the real wages incresed by? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If with rises of10% in price the wages are increased by 20% the real wages incresed by? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If with rises of10% in price the wages are increased by 20% the real wages incresed by?.
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