Author Question: Between 1875 and 1895, a. wholesale farm prices fell and consumer prices rose. b. wholesale farm ... (Read 123 times)

storky111 · **on:** Jun 30, 2018

Between 1875 and 1895,
a. wholesale farm prices fell and consumer prices rose.
b. wholesale farm prices rose slightly, but consumer prices rose more rapidly.
c. wholesale farm prices and consumer prices fell, but wholesale farm prices fell more rapidly.
d. wholesale farm prices fell while consumer prices remained generally unchanged.

Question 2

Which of the following statements correctly characterizes farm incomes in the second half of the 19th century?
a. Real per capita income fell.
b. The rate of growth in real income per worker was negative.
c. Nominal per capita income fell, but real per capita income remained unchanged.
d. Growth rates in per capita income were positive, but small.

softEldritch · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

c. wholesale farm prices and consumer prices fell, but wholesale farm prices fell more rapidly.

Answer to Question 2

d. Growth rates in per capita income were positive, but small.