If We Look at the Nominal Versus Real Wage Rates

question 68

Multiple Choice

If we look at the nominal versus real wage rates paid to American presidents over time,we find that

• A)the real wage rate has steadily increased to $400,000 per year.
• B)George W.Bush is the highest paid according to real wage rates.
• C)George Washington was paid a higher real wage rate than Bill Clinton.
• D)George W.Bush's nominal wage is about equal to the average nominal wage paid all presidents.
• E)the nominal wage has increased and decreased at different times because of inflation.

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