Data on the Ratio of Wages of Full-Time Workers at the 90th

question 49

Multiple Choice

Data on the ratio of wages of full-time workers at the 90th percentile to those at the 10th percentile show all the following EXCEPT

• A) the ratio is generally higher among men than among women.
• B) the ratio has climbed in almost all industrialized countries.
• C) the ratios are higher in the United States and Canada than elsewhere.
• D) the ratios in industrialized countries generally range between 3 and 5.

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Definitions:

Industrially Advanced Nations

Countries with highly developed economies, significant industrial production, and advanced technological infrastructure.

Long-run Trend

The long-run trend refers to the general pattern or direction that an economic variable, such as GDP growth or the unemployment rate, follows over a prolonged period, smoothing out short-term fluctuations.

Real Wages

The purchasing power of wages, taking into account the effects of inflation or deflation, which reflects the actual goods and services that wages can buy.

Nominal Wages

The amount of money paid to an employee before adjustments for inflation; the face value of wages.