Multiple Choice
The nominal wage rate is the
A) minimum hourly wage rate measured in the dollars of a given reference base year.
B) average hourly wage rate measured in the dollars of a given reference base year.
C) average hourly wage rate measured in current dollars.
D) minimum hourly wage that a company can legally pay a worker.
E) wage rate after it has been adjusted for inflation.
Correct Answer:
Verified
Correct Answer:
Verified
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