Multiple Choice
The real wage represents the
A) quantity of goods and services a worker can purchase in exchange for work time
B) dollar value of the goods and services a worker can purchase in exchange for working
C) nominal wage minus taxes paid on wages
D) actual amount of income a worker receives after deductions for such things as taxes,insurance,and the like
E) nominal wage times the price level
Correct Answer:
Verified
Correct Answer:
Verified
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