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Why bother with a post grad? Are they even worth it? Have your say! 26-10-2016
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    Consternation Corporation has an agreement with its workers to index completely the wage of its employees using the CPI. Consternation Corporation currently pays its production line workers $7.50 an hour and is scheduled to index their wages today. If the CPI is currently 130 and was 125 a year ago, the firm should increase the hourly wages of its workers by?

    They need to increase the wages by $0.30. The index has increased by 4%, thus, the wages need to be increased by 4% to $7.80.
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