In the United Sates, the average annual rate of growth of real wages was fastest in the period:
A) 1960-1973.
B) 1960-1996.
C) 1960-2001.
D) 1973-1996.

Question

Quizplus · Accepted Answer

During the period of 1960-1973, the real wages in the United States grew at an average annual rate of 2.8%, which was the fastest rate of growth compared to the other given periods. This period was also known as the "post-World War II economic boom" and saw steady economic growth, low unemployment rates, and increasing productivity. However, after 1973, there was a slowdown in economic growth and productivity, which affected the rate of real wage growth. Therefore, choice A is the best answer.

In the United Sates, the Average Annual Rate of Growth