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What is real wage

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(Querist)
30 August 2007 What is real wage??
How is real wage interpreted in case of prestige???
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CMA Gul S

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CMA Gul S (Expert)
05 September 2007 The wage of labor -- or more generally the price of any factor -- relative to an appropriate price index for the goods and services that the worker (or factor owner) consumes

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