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Author Question: Refer to the table above. What happened to the real value of the minimum wage between 1974 and 2011? ... (Read 67 times)

xclash

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Refer to the table above. What happened to the real value of the minimum wage between 1974 and 2011?
 
  A) It decreased.
  B) It remained the same.
  C) It increased.
  D) It could not be determined from the given information.

Question 2

The Lucas Wedge is estimated to
 
  A) total over 406,000 per person as a result of the slowdown in the growth rate of real GDP.
  B) be positive in some years and negative in others.
  C) be about 2 percent of real GDP per year.
  D) be negative due to the severe recession in 2008-2009.
  E) have reached about 13,000 per person in the last year.



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Melissahxx

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Answer to Question 1

A

Answer to Question 2

A





 

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