In november 2016 the average wage of the russian worker is, Ask an Expert

Economics

In November 2016 the average wage of the Russian worker is 36,115 rubles per month, and in 2013 it was 21,300 rubles per month. If the current exchange rate equals 1 USD = 64.0 RUB, while in 2013 it was 1 USD = 32.6 RUB, is the Russian worker better off or worse off in US dollars now than before, and by what percentage?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92187050

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