The Following Questions Refer to the Graph Below

question 21

Multiple Choice

The following questions refer to the graph below.

Source: Federal Bureau of Labor Statistics
Union Membership Rates
-The graph could be used as evidence to prove which of the following claims?

• A) Unions declined in popularity after the end of World War II.
• B) Real wages increased as the Cold War came to an end.
• C) The War on Terrorism sought to improve domestic security.
• D) Liberals dominated politics between 1948 and 1998.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Net Sales

Total sales for the time period minus sales returned and adjustments made during the same time.

Percentage of Net Change

The ratio or fraction, expressed as a percentage, that represents the difference between the old value and the new value divided by the old value, often used to measure growth or decline.

Comparative Income Statement

A financial statement that compares income, expenses, and net income over different periods to observe trends or changes.