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Daphne has received job offers in six different cities across the United States

Economics

Daphne has received job offers in six different cities across the United States. The table below shows the nominal wage she is being offered in each city and the average monthly rent for an apartment in each city. a. Calculate Daphne's real wage in terms of how many months of rent her wage could purchase in each city and complete the “Real Wage” column in the table below. Instructions: Enter your answers as a whole number. Real Wage (months of rent) Daphne's Nominal and Real Wages Nominal Salary City (dollars) Atlanta $50, 250 Austin 50,750 Chicago 65,250 Lincoln 45,250 Madison 48, 250 New York 95, 250 Monthly Rent (dollars) $1,400 1,545 2,075 1,075 1,355 3,250 b. In which city is the nominal wage highest? (Click to select) c. In which city is the real wage highest? (Click to select) v

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