ok this right ? :
no because its not yet minimum wage in real u s dollars: v
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http://m.research.stlouisfed.org/fred/series.php?sid=GDPC1&show=obs&allobs=1
http://www.dol.gov/minwage/minwage-gdp-history.htm
real gdp 1954-01-01 ...... 2528.0
real gdp. 2012-01-01 ... 15275.0
minimum wage 1954 ... $0.75
($6.28 in 2012 dollars )
minimum wage 2012 ... $7.25.
($7.25 in 2012 dollars)
19.83 percent increase in real GDP 1954 - 2012
15.44 percent increase in real minimum wage 1954 - 2012
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First: work out the difference (increase) between the two numbers you are comparing.
Increase = New Number - Original Number
Then: divide the increase by the original number and multiply the answer by 100.
% increase = Increase ÷ Original Number × 100.
If your answer is a negative number then this is a percentage decrease. "
from skills you need.com
19.83% increase in real gdp 1954-2012 while
13.3 % increase in real minimum wage in same period ?
real gdp 1954-01-01 ...... 2528.0
real gdp. 2012-01-01 ... 15275.0
15275.0 - 2528.0 = 12747.0 increase real GDP 1954-2012
2528.0 ÷ 12747.0 = 0.1983 × 100 = 19.83 percent increase in real gdp 1954 - 2012
so no, its:
12747.0 ÷ 2528.0 = 0.1983 × 100 =
19.83 percent increase in real GDP 1954 - 2012
http://m.research.stlouisfed.org/fred/series.php?sid=GDPC1&show=obs&allobs=1
minimum wage 1954 ... $0.75
($6.28 in 2012 dollars )
minimum wage 2012 ... $7.25.
($7.25 in 2012 dollars)
$7.25 - $0.75 = $6.50 increase minimum wage 1954 - 2012
$0.75 ÷ $6.50 = 0.115 × 100 = 11.5 percent increase
so no again its :
$6.50 ÷ $0.75 = 8.67 × 100 = 867 percent increase in minimum wage without adjusting for inflation
$7.25 - $6.28 = $0.97 increase in real minimum wage 1954 - 2012
$0.97 ÷ $6.28 = $0.155 × 100 =
15.44 percent increase in real minimum wage 1954 - 2012
$6.50 ÷ $7.25 = 0.89 percent
increase minimum wage 1954 - 2012
$7.25 - $6.28 = $0.97
$0.97 ÷ $7.25 = 0.1337 × 100 = 13.37 percent
increase in 2012 real dollar minimum wage
http://www.dol.gov/minwage/minwage-gdp-history.htm
real gdp 1954-01-01 ...... 2528.0
real gdp. 2012-01-01 ... 15275.0
15275.0 - 2528.0 = 12747.0
2528.0 ÷ 12747.0 = 0.1983 × 100 = 19.83 % increase in real gdp 1954 - 2012
one mor time -
19.83% increase in real gdp 1954-2012 while
13.3 % increase in real mininum wage in same period ?
no...
$7.25 - $6.28 = $0.97 increase in real minimum wage 1954 - 2012
$0.97 ÷ $6.28 = $0.155 × 100 =
15.44 percent increase in real minimum wage 1954 - 2012
so no, its:
12747.0 ÷ 2528.0 = 0.1983 × 100 =
real gdp. 2012-01-01 ... 15275.0
15275.0 - 2528.0 = 12747.0
2528.0 ÷ 12747.0 = 0.1983 × 100 = 19.83 % increase in real gdp 1954 - 2012
one mor time -
19.83% increase in real gdp 1954-2012 while
13.3 % increase in real mininum wage in same period ?
no...
$7.25 - $6.28 = $0.97 increase in real minimum wage 1954 - 2012
$0.97 ÷ $6.28 = $0.155 × 100 =
15.44 percent increase in real minimum wage 1954 - 2012
and...
12747.0 ÷ 2528.0 = 0.1983 × 100 =
19.83 percent increase in real GDP 1954 - 2012
15.44 percent increase in real minimum wage 1954 - 2012
