Why is real income for an average Canadian today so much higher than it was for an average Canadian 100 years ago?
A)Because of the increase in the labour force due to rising population,immigration and the increase in female labour-force participation.
B)Primarily because productivity per worker is so much higher today than in the past.
C)Because inflation has been maintained at relatively low levels throughout that time.
D)Because free-trade agreements have vastly increased real incomes.
E)Because the life span of the average worker has increased from about 55 years to about 80 years over that time period.

Question

Quizplus · Accepted Answer

The primary reason for the increase in real income over the past 100 years is the significant increase in productivity per worker. This has resulted in higher wages and increased the standard of living for Canadians. While factors such as population growth, inflation control, and free-trade agreements may have contributed to this increase, they are not the primary driving factor. The increase in life span is not directly related to real income but may have contributed to a larger workforce and increased productivity over time.

Why Is Real Income for an Average Canadian Today So