Question

    The main determinant of real wage is:

    A Extra earnings Correct Answer Incorrect Answer
    B Nature of work Correct Answer Incorrect Answer
    C Promotion prospect Correct Answer Incorrect Answer
    D Purchasing power of money Correct Answer Incorrect Answer

    Solution

    The real wage is determined by the purchasing power of money, which reflects the amount of goods and services that can be bought with the wage.

    Practice Next
    ×
    ×