If We Look at the Nominal Versus Real Wage Rates

question 253

Multiple Choice

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

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

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Definitions:

Bystander Apathy

A social psychological phenomenon in which individuals are less likely to offer help to a victim when other people are present.

Diffusion of Responsibility

A sociopsychological phenomenon whereby a person is less likely to take responsibility for action or inaction when others are present.

Acculturation

The process by which members of minority groups come to identify with and feel part of the mainstream culture.

Social Distance

The perceived or desired degree of remoteness between members of different social groups, which can affect communication and interaction.