If W Is the Growth Rate of the Nominal Wage

question 31

Multiple Choice

If w is the growth rate of the nominal wage rate,p is the inflation rate as measured by the price deflator for total GDP,y is the growth rate for total domestic product,and n is the growth rate of labor,then the growth of real wage is ________.

• A)wp/n
• B)y - p
• C)w - p
• D)wn/p

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Definitions:

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Political Activities

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Given Industry

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Seniority Systems

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