Asked by Micah Awisus on Jul 24, 2024
Verified
Real wages in the United States in the long run:
A) show no discernible relationship to output per worker.
B) have increased at about the same rate as increases in output per worker.
C) have increased slower than increases in output per worker.
D) have increased faster than increases in output per worker.
Real Wages
Wages adjusted for inflation, reflecting the purchasing power of income earned from work.
Output per Worker
A measure of labor productivity calculated as the total output produced divided by the number of workers.
- Explain how labor productivity improvements impact workers' wages.
Verified Answer
SG
Sylvia GarchieJul 28, 2024
Final Answer :
B
Explanation :
Real wages in the United States in the long run have increased at about the same rate as increases in output per worker. This implies that workers have been able to benefit from increases in productivity over time.
Learning Objectives
- Explain how labor productivity improvements impact workers' wages.
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