Between 1927 and 1977, the average wage in Greatstown increased from $10 to $24. During that same time, Greatstowns CPI increased from 90 to 190. Calculate the percentage change in the real wage rate in Greatstown between 1927 and 1977.
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### Hint:
To find the percentage change in the real wage rate, you'll first need to adjust the nominal wages for inflation using the Consumer Price Index (CPI). The real wage can be calculated by dividing the nominal wage by the CPI (and possibly scaling it). Then, calculate the percentage change in the real wage over time. 

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Between 1927 and 1977, the average wage in Greatstown increased from $10 to $24. During that same time, Greatstown's CPI increased from 90 to 190. Calculate the percentage change in the real wage rate in Greatstown between 1927 and 1977.

This problem explains how to calculate the percentage change in the real wage rate in Greatstown between 1927 and 1977, adjusting for inflation using the Consumer Price Index (CPI). Learn how real wages differ from nominal wages and the impact of inflation. Suitable for Grades 10-12.

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