Changes in wages in labor markets are measured _____.
A)using the producer price index
B)using the modified balance sheet approach
C)through pay surveys
D)by examining the personal expenditure of each employee

Question

Quizplus · Accepted Answer

Changes in wages in labor markets are typically measured through pay surveys, which gather information on the wages and benefits provided by different firms in a given industry or geographic area. This data can then be used to track changes in wages over time and benchmark the compensation of specific occupations against industry standards. The other options listed (such as the producer price index or examining personal expenditures) are not typically used to measure changes in wages in labor markets.

Changes in Wages in Labor Markets Are Measured _____