Asked by
Akash Thakur
on Nov 26, 2024
Verified
Real wages in the United States in the long run
A) show no discernible relationship to output per worker.
B) have increased at about the same rate as increases in output per worker.
C) have increased slower than increases in output per worker.
D) have increased faster than increases in output per worker.
Real Wages
Wages adjusted for inflation, reflecting the actual purchasing power of income earned from work.
Output per Worker
A measure of productivity calculated by dividing total output of goods or services by the number of workers involved in the production.
- Understand how labor productivity impacts real earnings and wage growth.
Verified Answer
CB
Learning Objectives
- Understand how labor productivity impacts real earnings and wage growth.