0
Still curious? Ask our experts.
Chat with our AI personalities
BlakeAs your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
RafaThere's no fun in playing it safe. Why not try something a little unhinged?
Chat with Rafa
ReneChange my mind. I dare you.
Chat with ReneAdd your answer:
Earn +20 ptsQ: The real wage will rise if the nominal wage?
Write your answer...
Submit
Still have questions?
Continue Learning about Economics
What is the difference between 'real wage' and 'nominal wage'?
blAH BLAH BLHA
How can one calculate the real wage rate?
To calculate the real wage rate, you need to divide the nominal wage rate by the price level index. This will give you the purchasing power of your wages after accounting for inflation.
What is nominal price and real price?
Real price is in a mud nominal price is in your FACE
How does the real interest rate relate to the nominal interest rate?
A real interest rate and a nominal interest rate are quite similar. The only real difference between the two interest rates are that a nominal interest rate include the cost of inflation where as the real interest rate does not.
How can an increase in nominal income and a decrease in real income occur simultaneously?
real income is the change with inflation taken into account, nominal income is purely the change of income therefore if inflation was to be 5% and nominal income increased by 2% there would be a real income decrease of 3%
Trending Questions
What are the chief economic activities in Canada?
Calculations and cost and benefits are always which of the following?
Is the marginal cost the derivative of the total cost?
What the traditional Inquirer system?
What are the Dow and the S and P 500?
Who said nobody plans to fail they fail to plan?
What is the definition of the word interdependent?
Defferentiate between visible and invisible exports?
What is the difference in a business plan and a proposal?
When and why the fed use expansionary monetary policy?
What does scarce economic resources mean?
The economies of the US Canada and Mexico have become increasingly?
Why are gas prices on the rise again?
What is the value of a 1901 ten dollar gold coin?
Which policy concerns rules for business?
What is key element in preserving a monopoly is?
Under what conditions firms will exit a market?
What are non economic activities in Oman?
What goods were exchanged in kashgar?
What is the tax multiplier if MPC 0.75?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.