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Which of the following characteristics sociologically defines a low position in the social stratification system?
Nominal Wage
The wage paid to workers stated in current money terms, without adjustment for inflation.
Real Wage
The purchasing power of an individual's income, accounting for inflation and reflecting how many goods and services can be bought.
Nominal Wages
Wages paid to employees not adjusted for changes in price level, representing the monetary value of earnings.
Real Wages
Wages adjusted for inflation, reflecting the purchasing power of income and the real value of earnings over time.
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