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What Does the Real Wage Represent

Question 142

Multiple Choice

What does the real wage represent?  


A)  the quantity of goods and services a worker can purchase in exchange for performing work 
B)  the dollar value of the goods and services a worker can purchase in exchange for performing work 
C)  a worker's nominal wage minus taxes paid on wages 
D)  the actual amount of income a worker receives after deductions for such things as taxes and insurance

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