Workers in Country a Receive an Increase in Wages of 10

question 31

Multiple Choice

Workers in country A receive an increase in wages of 10 percent at the same time the inflation rate in country A is 8 percent.Workers in country B receive an increase in wages of 3 percent and the inflation rate in country B is 1 percent.In which country are workers better off?

• A)Country A because their real wages rise by 18 percent.
• B)Country A because their real wages rise by 10 percent.
• C)Country B because the inflation rate is lower.
• D)Neither country because the increase in real wages is the same.

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Definitions:

Communications Subsystem

The component within an organization or system that is responsible for the exchange and processing of information.

Cultural Gatekeeper

An individual or institution that controls access to cultural products and influences the spread and popularity of cultural trends.

Cultural Selection

The process by which certain cultural practices, ideas, or innovations are adopted and perpetuated within a society, often leading to cultural evolution.

Cultural Gatekeepers

Individuals or institutions that control access to cultural information and materials, influencing what is considered acceptable or popular.