There is such a close relationship between changes in a nation’s rate of productivity growth and changes in its average real hourly wage because if the average real hourly wage and output per worker is increasing, then the amount of output available per capita for workers to buy will be growing so more can be purchased. decreasing, then the amount of output available per capita for workers to buy will be less so more can be purchased. increasing, then the amount of output available per capita for workers to buy will be less so more can be purchased. decreasing, then the amount of output available per capita for workers to buy will be decreasing so more can be purchased.
There is such a close relationship between changes in a nation’s rate of productivity growth and changes in its average real hourly wage because if the average real hourly wage and output per worker is increasing, then the amount of output available per capita for workers to buy will be growing so more can be purchased. decreasing, then the amount of output available per capita for workers to buy will be less so more can be purchased. increasing, then the amount of output available per capita for workers to buy will be less so more can be purchased. decreasing, then the amount of output available per capita for workers to buy will be decreasing so more can be purchased.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 34P: Say that the average worker in Canada has a productivity level of 30 per hour while the average...
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6)
There is such a close relationship between changes in a nation’s rate of productivity growth and changes in its average real hourly wage because if the average real hourly wage and output per worker is
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increasing, then the amount of output available per capita for workers to buy will be growing so more can be purchased.
-
decreasing, then the amount of output available per capita for workers to buy will be less so more can be purchased.
-
increasing, then the amount of output available per capita for workers to buy will be less so more can be purchased.
-
decreasing, then the amount of output available per capita for workers to buy will be decreasing so more can be purchased.
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