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In Order to Determine If the Quantity of Goods and Services

Question 9

Multiple Choice

In order to determine if the quantity of goods and services that an hour's work can buy has increased or decreased between 2014 anD2019, one should compare the


A) 2014 nominal wage with the 2019 nominal wage.
B) 2014 real wage with the 2019 real wage.
C) 2014nominal wage with the 2019 real wage.
D) 2014 real wage with the 2019 nominal wage.
E) 2014 nominal wage with the 2019 nominal wage and the 2014 real wage with the 2019 real wage because both are important factors determining if workers can buy more or fewer goods with an hour's work.

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