A firm agreed to pay its workers $25 an hour in 2019 and $33 an hour in 2020. The price level for these years was 256 in 2019 and 260 in 2020. Calculate the real wage rate in each year (to the nearest dollar).
a) Real wage rate in 2019: $96; Real wage rate in 2020: $107
b) Real wage rate in 2019: $100; Real wage rate in 2020: $110
c) Real wage rate in 2019: $104; Real wage rate in 2020: $115
d) Real wage rate in 2019: $108; Real wage rate in 2020: $120
