Money wage - Real wage - Cost of living index - 100

The correct option is B False The correct formula is Real wage = (Money wage/Cost of living index) × 100 Here, Cost of living index is generally referred to as ...

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Standard XI

Statistics

Consumer Price Index

Money wage = ...

Question

Money wage = $(\frac{Real wage}{Cost of living index}) \times 100$

True

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False

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Solution

The correct option is B
False

The correct formula is Real wage $= (\frac{Money wage}{Cost of living index}) \times 100$

Here, Cost of living index is generally referred to as Consumer price index.

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Money wage = (Real wageCost of living index)×100

The correct option is B False The correct formula is Real wage =(Money wageCost of living index)×100 Here, Cost of living index is generally referred to as Consumer price index.

Money wage = $(\frac{Real wage}{Cost of living index}) \times 100$

The correct option is B
False

The correct formula is Real wage $= (\frac{Money wage}{Cost of living index}) \times 100$

Here, Cost of living index is generally referred to as Consumer price index.