One Hypothesis as to Why Labour Income's Share of GDP

question 150

Multiple Choice

One hypothesis as to why labour income's share of GDP decreased in Canada from 1976 to 1996 is that the bargaining power of labour decreased.A possible explanation for this loss of bargaining power is

• A) the high unemployment rate.
• B) the low inflation rate.
• C) the high inflation rate.
• D) the low unemployment rate.
• E) the high level of consumption spending.

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Definitions:

Data Set

A collection of related sets of information that is composed of separate elements but can be manipulated as a unit by a computer.

Frequency Distributions

A tabular or graphical representation of statistical data that shows how often different values occur in a dataset.

Data Set

A collection of data points or information that can be analyzed or used in research.

Class Intervals

Segments or divisions of data into intervals, often in a frequency distribution, to simplify the representation and analysis of large datasets.