Compared to the 1960 and 1973 period, average real earnings of workers ________ from 1973 to 1995 and then ________ from 2007 to 2016.
A)declined; slowed again
B)declined; grew
C)grew; grew at about the same rate
D)grew more rapidly; declined

Question

Quizplus · Accepted Answer

The U.S. growth rate of average annual earnings started to decline in the early 1970's, and declined annually until 1995. However, since then earnings growth slowed again: from 2007 to 2016, real earnings grew at only 0.7 percent per year, and for the whole 1973-2016 period, earnings grew at 1.1 percent a year.

Compared to the 1960 and 1973 Period, Average Real Earnings