Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Nov 2017 My Price 9.00

federal mini- mum wage

3.78    -80 The accompanying table lists the federal mini- mum wage from 1955 to 2007. The actual and adjusted minimum wages (in constant 1996 dollars) are listed.

a.     Suppose you wish to show that the federal mini- mum wage has grown rapidly over the years. Draw an appropriate chart.

b.     Draw a chart to display the actual changes in the federal minimum wage.

 

 

 

 

 

Year

 

Current Dollars

Constant 1996

Dollars

 

 

Year

 

Current Dollars

Constant 1996

Dollars

1955

0.75

4.39

1982

3.35

5.78

1956

1.00

5.77

1983

3.35

5.28

1957

1.00

5.58

1984

3.35

5.06

1958

1.00

5.43

1985

3.35

4.88

1959

1.00

5.39

1986

3.35

4.80

1960

1.00

5.30

1987

3.35

4.63

1961

1.15

6.03

1988

3.35

4.44

1962

1.15

5.97

1989

3.35

4.24

1963

1.25

6.41

1990

3.80

4.56

1964

1.25

6.33

1991

4.25

4.90

1965

1.25

6.23

1992

4.25

4.75

1966

1.25

6.05

1993

4.25

4.61

1967

1.40

6.58

1994

4.25

4.50

 

1968

1.60

7.21

1995

4.25

4.38

1969

1.60

6.84

1996

4.75

4.75

1970

1.60

6.47

1997

5.15

5.03

1971

1.60

6.20

1998

5.15

4.96

1972

1.60

6.01

1999

5.15

4.85

1973

1.60

5.65

2000

5.15

4.69

1974

2.00

6.37

2001

5.15

4.56

1975

2.10

6.12

2002

5.15

4.49

1976

2.30

6.34

2003

5.15

4.39

1977

2.30

5.95

2004

5.15

4.28

1978

2.65

6.38

2005

5.15

4.14

1979

2.90

6.27

2006

5.15

4.04

1980

3.10

5.90

2007

5.85

4.41

1981

3.35

5.78

 

 

 

 

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Nov 2017 11:11 PM My Price 9.00

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