In order to determine if the quantity of goods and services that an hour's work can buy has increased or decreased between 2000 and 2012,one should compare the

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Quizplus · Accepted Answer

In order to determine if the quantity of goods and services that an hour's work can buy has increased or decreased between 2000 and 2012, we need to compare the real wages for both years. Real wage takes into account inflation, which means it represents the actual purchasing power of a worker's earnings. By comparing the real wage in 2000 with the real wage in 2012, we can determine if workers can buy more or fewer goods and services with an hour's work. Therefore, option C is the correct choice.

In Order to Determine If the Quantity of Goods and Services