Multiple Choice
Some economists contend that the economywide average real wage may NOT be a good indicator of the real wage because
A) when previously unemployed workers enter the work force,the average real wage could decline even if all workers' wages have increased.
B) it fails to reflect productivity changes.
C) it fails to reflect qualitative changes in goods.
D) data used to calculate the average real wage is not collected from all sectors of the economy.
Correct Answer:
Verified
Correct Answer:
Verified
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