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11 Aug 2019
Why do you think the Price to Rent Ratio is roughly 7 in Detroit and more than 30 in San Francisco?
Why do you think the Price to Rent Ratio is roughly 7 in Detroit and more than 30 in San Francisco?
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12 Aug 2019
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Related questions
In Las Vegas, the cost of living index is 110, and in San Francisco, it is 170. You work in Las Vegas currently and your salary is $57,000. You are offered a promotion and pay raise of $70,000 to move to San Francisco. If you take the promotion:
a. |
your nominal wage increased but your real wage has decreased. |
|
b. |
both your nominal and real wage have decreased. |
|
c. |
your nominal wage decreased but your real wage has increased. |
|
d. |
your nominal wage and your real wage have increased. |
|
e. |
your real wage remained constant even though your nominal wage rose |