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Other Fields Homework Help Economics Topic started by: Loraine on Jun 21, 2015



Title: In order to determine if the quantity of goods and services that an hour's work can buy has increase
Post by: Loraine on Jun 21, 2015
In order to determine if the quantity of goods and services that an hour's work can buy has increased or decreased between 2000 and 2012, one should compare the
A) 2000 nominal wage with the 2012 nominal wage.
B) 2000 real wage with the 2012 nominal wage.
C) 2000 real wage with the 2012 real wage.
D) 2000 nominal wage with the 2012 real wage.
E) 2000 nominal wage with the 2012 nominal wage and the 2000 real wage with the 2012 real wage because both are important factors determining if workers can buy more or fewer goods with an hour's work.


Title: Re: In order to determine if the quantity of goods and services that an hour's work can buy has incr
Post by: Chimelo46 on Jul 17, 2015
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Title: Re: In order to determine if the quantity of goods and services that an hour's work can buy has increase
Post by: Chimelo46 on Aug 31, 2015
The textbook reference in your signature really helped me narrow it down.

Happy to help ;)