13
QuizMultiple Choice
Topic Test
Question 13 • WWT - Financial Math A
The average hourly earnings for a construction worker is projected to be $24.50 in 2012. Jason wants to join the construction work force after he graduates in 2012. His friend tells him that average hourly earnings for construction workers will rise by 2% from 2009 to 2012. Based on the data below, assuming that the projected hourly earnings are correct, is Jason’s friend’s statement accurate? Construction Industry - Average Hourly Earnings, 2000-2009
Answer
A
His friend’s statement is accurate. The average hourly earnings will increase by 2%.B
His friend’s statement is not accurate. The percent increase will be more than 2%C
His friend’s statement is not accurate. The percent increase will be less than 2%D
His friend’s statement is not accurate. The average hourly earnings will decrease.