The Following Table Shows the Average Earnings by Gender of Canadian

question 30

Multiple Choice

The following table shows the average earnings by gender of Canadian workers. The changes in earnings for men and women are to be compared. Unfortunately, the base period of 1998 is different for the two groups.
Determine the average earnings increase for both men and women over the period 1998 to 2004.

• A) Women's earnings increased by 5.9% and men's earnings increased by 4.0%
• B) Women's earnings increased by 7.9% and men's earnings increased by 9.9%
• C) Women's earnings increased by 9.6% and men's earnings increased by 11.4%
• D) Women's earnings increased by 9.6% and men's earnings increased by 10.4%
• E) Women's earnings increased by 12.6% and men's earnings increased by 10.4%

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Definitions:

Total Loss

The complete depletion of value of an asset or the sum of expenses surpassing all revenues, resulting in no net gain.

Most Efficiently

The method or process that achieves the best possible outcome with the least waste of resources.

Output

The amount of goods or services produced by a company, industry, or economy within a given period.

Natural Monopolies

These are markets where a single supplier is most efficient in providing goods or services due to high fixed or startup costs associated with the market.