If Workers' Nominal Wages Have Risen by 50% Over a 10

question 57

Multiple Choice

If workers' nominal wages have risen by 50% over a 10 years and prices have increased by 40% in that same period, then we can safely conclude that the amount of goods and services workers can buy has:

• A)fallen.
• B)increased.
• C)not changed.
• D)decreased in quality.

---

Definitions:

Symbolic Notation

The use of symbols to represent numbers, operations, relations, or concepts to simplify the expression of mathematical, logical, or scientific ideas.

Atomic Components

Fundamental parts or particles that constitute an atom, such as electrons, protons, and neutrons.

Symbolic Notation

The use of symbols or abbreviations to represent objects, operations, relations, or concepts in various fields.

Workfare Provision

A policy requiring individuals to work or participate in training programs in exchange for welfare benefits.