Tany8788 Tany8788

20-08-2018
Business

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The nominal wage rate is the average ___ wage rate measured in _ dollars. the real wage rate is the average _ wage rate measured in the dollars of ___ year.
a. hourly; constant; annual; the current
b. annual; current; annual; the past
c. annual; current; annual; a reference base
d. hourly; current; hourly; a reference base

Respuesta :

ariston ariston

22-08-2018

Answer d. hourly; current; hourly; a reference base

Nominal Wage rate is defined as " the average hourly wage rate measured in current dollars" and Real wage rate is defined as 'the average hourly wage rate measured in the dollars of a given reference base year"

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