What Led to the Increase in Leisure Time in the Twentieth

question 97

Multiple Choice

What led to the increase in leisure time in the twentieth century?

• A) Changes in values and norms made leisure disappear.
• B) increases in industrial productivity and time-saving technologies
• C) decreases in family size
• D) increases in life span and better health care

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Definitions:

Corporate Pretax Profits

Earnings generated by a corporation before taxes are deducted, often used as a measure of a company's financial performance.

Proprietors' Income

The income earned by the owners of unincorporated businesses from their business activities.

Present Value

The value today of a sum of money or sequence of cash flows expected in the future, discounted by a certain rate of return.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.