6 ms·
The 15% increase in wages is in real terms, meaning it's already been adjusted with inflation. Think of it this way: in nominal terms, wage increase would be 71
by erko_ 2y ago
The 15% increase in wages is in real terms, meaning it's already been adjusted with inflation. Think of it this way: in nominal terms, wage increase would be 715%.
- Rexxar 2y ago+15% is x1.15, +700% is x8. 1.15x8 is 9.2 so the number you want is +820%.