Suppose your job pays $19

Economics Sep 05, 2020

Suppose your job pays $19.38 per hour. Your boss has been impressed with your productivity on the job and offers you a $2.58 per hour raise. What Is the percentage change ( or growth rate) of your wage??? ( Round your answer to 2 decimal places, for example 9.56

Expert Solution

Computation of Percentage Change ( or Growth Rate) of Wage:

Percentage Change of Wage = (Growth of Wage/Previous Wage)*100

= $2.58/$19.38*100

Percentage Change of Wage =13.31%

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