In Canada,over long periods of time,____________ largely determines real wage growth.

Question

Quizplus · Accepted Answer

Average labour productivity growth is the primary determinant of long-term real wage growth in Canada. As productivity increases, businesses are able to produce more goods and services with the same amount of labor input, leading to higher wages for workers. While factors such as real GDP growth, unemployment rate, inflation rate, and population growth can also impact real wages in the short term, over the long term productivity growth is the most significant factor.

In Canada,over Long Periods of Time,____________ Largely Determines Real Wage