Sharpen Your Skills: Working with Percentages The Bureau of Labor Statistics reports the
Chapter 9, Problem 32(choose chapter or problem)
Sharpen Your Skills: Working with Percentages The Bureau of Labor Statistics reports the average hourly wage rate for nonagricultural workers each year. Use the data in the table to calculate the percentage rate of change in the years from 2001 through 2005. Does there appear to be any relationship between the rate of change in hourly wages and the rate of growth in the value of total production in the economy? What might this have to do with the demand for labor?
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