Since 1971,the annual growth rate of real wages has been
A)remarkably high.
B)positive, but low.
C)zero.
D)negative.
E) impossible to measure accurately, and so has not been reported.

Question

Quizplus · Accepted Answer

The word "growth" implies that the answer is referring to the percentage change in wages over time. The word "real" means that the wages are adjusted for inflation. Since the annual growth rate has been negative since 1971, it means that wages have not kept up with inflation and have actually decreased in purchasing power over time.

Since 1971,the Annual Growth Rate of Real Wages Has Been