Which of the Following Is Correct

question 3

Multiple Choice

Which of the following is correct?

• A)Over the last 100 years Japan had a higher average growth rate than the United States.It follows that,today,the standard of living in Japan is higher than in the United States.
• B)The typical person in Bangladesh today has about twice the real income of a typical American 100 years ago.
• C)The typical citizen of China today has about one-half as much real income as the typical citizen of America today.
• D)None of the above is correct.

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Definitions:

Wage Rate

The fixed amount of compensation or payment given to an employee by an employer in exchange for the employee's labor, typically expressed per hour or per year.

Training

The process of enhancing the skills, capabilities, and knowledge of employees for the improvement of their performance.

Working Conditions

The environment, including physical and psychological aspects, in which employees carry out their job duties.

Compensating Wage Differentials

Wage differences that compensate workers for risk, unpleasant working conditions, and other undesirable nonpecuniary aspects of a job.