A valid explanation for real wage growth is
...A valid explanation for real wage growth is
An increase in the rate of productivity
The rising cost of capital accumulation
A contraction of emploment in service industries
An increase in the quantity of labour
Correct answer is A
Real wage growth is largely due to increased in economic activity creating competition between businesses to attract and retain workers. The higher the rate of economic activities (production, buying and selling) in the economy, the higher the real wage growth.
A price floor is usually fixed ...
EXPECTED REVENUE Items Amount ($m) Rents and royalties 75.00 ...
During inflation, the appropriate fiscal measure to adopt is to ...
A firm achieves least cost in production by substituting factors until ...
Contractionary monetary policy is used to ...
The National Income of a country can be estimated through the ...
Which of the following factors will not underestimate the national income? ...
Where is the headquarter of the African Development Bank (ADB) located? ...
The largest part of the revenue of a country is derived from ...
The coefficient of the price elasticity of supply is always ...