The measure of a worker's real wage is (1) The change in his productivity over a given time (2) His earnings after deduction at source (3) His daily earnings (4) The purchasing power of his earnings

The measure of a worker's real wage is (1) The change in his productivity over a given time (2) His earnings after deduction at source (3) His daily earnings (4) The purchasing power of his earnings
by

1 Answer

Answer :

(4) The purchasing power of his earnings Explanation: A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. While differences in earnings or incomes may be misleading indicators of worker welfare, real wage rates are comparable across time and location. Nominal wages are not sufficient to tell us if workers gain since, even if wages rise, the price of one of the goods also rises when moving to free trade. The real wage represents the purchasing power of wages—that is, the quantity of goods the wages will purchase.
by
selected

Related questions

The measure of a worker’s real wage is (1) The change in his productivity over a given time (2) His earnings after deduction at source (3) His daily earnings (4) The purchasing power of his earnings

Description : The measure of a worker’s real wage is (1) The change in his productivity over a given time (2) His earnings after deduction at source (3) His daily earnings (4) The purchasing power of his earningsec

Last Answer : The purchasing power of his earnings

The main determinant of real wage is - (1) extra earning (2) nature of work (3) promotion prospect (4) purchasing power money

Description : The main determinant of real wage is - (1) extra earning (2) nature of work (3) promotion prospect (4) purchasing power money

Last Answer : (4) purchasing power money Explanation: The term real wages refers to wages that have been adjusted for inflation. This term is used in contrast to nominal wages or unadjusted wages. Real wages provide ... , as opposed to nominal wages, which simply show the monetary value of wages in that year.

The main determinant of real wage is (1) extra earning (2) nature of work (3) promotion prospect (4) purchasing power of money

Description : The main determinant of real wage is (1) extra earning (2) nature of work (3) promotion prospect (4) purchasing power of money

Last Answer : purchasing power of money

Purchasing Power Parity theory is related with - (1) Interest rate (2) Bank rate (3) Wage rate (4) Exchange rate

Description : Purchasing Power Parity theory is related with - (1) Interest rate (2) Bank rate (3) Wage rate (4) Exchange rate

Last Answer : (4) Exchange rate Explanation: Purchasing power parity (PPP) is an economic theory and a technique used to determine the relative value of currencies, estimating the amount of adjustment needed on the ... that PPP rate, an amount of money thus has the same purchasing power in different countries.

Purchasing Power Parity theory is related with (1) Interest rate (2) Bank rate (3) Wage rate (4) Exchange rate

Description : Purchasing Power Parity theory is related with (1) Interest rate (2) Bank rate (3) Wage rate (4) Exchange rate

Last Answer :  Exchange rate

The balance of payments equals (a) The difference between household spending over earnings (b) The difference between government expenditure over its income © A measure of the value of economic transactions between residents of a country and rest of the world (d) The difference between inflation and unemployment.

Description : The balance of payments equals (a) The difference between household spending over earnings (b) The difference between government expenditure over its income © A measure of the value of economic ... a country and rest of the world (d) The difference between inflation and unemployment.

Last Answer : © A measure of the value of economic transactions between residents of a country and rest of the world

Which of the following occurs when labour productivity rises? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Description : Which of the following occurs when labour productivity rises? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Last Answer : (4) The labour demand curve shifts to the right Explanation: As labour productivity increases, the production function shifts up and simultaneously the labor demand curve shifts out and right. At ... , the production function shifts up and simultaneously the labor demand curve shifts out and right.

Which of the following occurs when labour productivity rises ? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Description : Which of the following occurs when labour productivity rises ? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Last Answer : The labour demand curve shifts to the right

7. Which of the following statements is/are true? a. Business Investment Spending occurs when individuals buy stock in the stock market b. Productivity is the United States grew very slowly between 1973 and 1996 c. Because of discouraged workers, the official unemployment rate is too high d. “Full employment” occurs when there is no frictional unemployment

Description : 7. Which of the following statements is/are true? a. Business Investment Spending occurs when individuals buy stock in the stock market b. Productivity is the United States grew very slowly ... unemployment rate is too high d. Full employment occurs when there is no frictional unemployment

Last Answer : b. Productivity is the United States grew very slowly between 1973 and 1996

Which of the following statements is correct? (1) Most workers will work for less than their reservation wage. (2) The reservation wage is the maximum amount any firm will pay for a worker. (3) Economic rent is the difference between the market wage and the reservation wage. (4) Economic rent is the amount one must pay to enter a desirable labour market.

Description : Which of the following statements is correct? (1) Most workers will work for less than their reservation wage. (2) The reservation wage is the maximum amount any firm will pay for a worker. (3) ... reservation wage. (4) Economic rent is the amount one must pay to enter a desirable labour market.

Last Answer : (3) Economic rent is the difference between the market wage and the reservation wage. Explanation: The difference between the actual market wage and the reservation wage is called economic rent. Therefore ... per-son becomes unemployed (The Goals of Macroeconomic Policy by Martin Prachowny. p. 58).

Which of the following is not a benefit of international trade? (a) Lower domestic prices (b) Development of more efficient methods of production © A wider selection of products for domestic consumers (d) High wage levels for all domestic workers.

Description : Which of the following is not a benefit of international trade? (a) Lower domestic prices (b) Development of more efficient methods of production © A wider selection of products for domestic consumers (d) High wage levels for all domestic workers.

Last Answer : The theory of comparative cost advantage is given by

Which of the following statements is correct ? (1) Most workers will work for less than their reservation wage. (2) The reservation wage is the maximum amount any firm will pay for a worker. (3) Economic rent is the difference between the market wage and the reservation wage. (4) Economic rent is the amount one must pay to enter a desirable labour market.

Description : Which of the following statements is correct ? (1) Most workers will work for less than their reservation wage. (2) The reservation wage is the maximum amount any firm will pay for a worker. (3) ... reservation wage. (4) Economic rent is the amount one must pay to enter a desirable labour market. 

Last Answer :  Economic rent is the difference between the market wage and the reservation wage.

If raising minimum wage will kill businesses and and increase inflation, then wouldn't reducing the earnings of the people at the top of corporations have the opposite effect?

Description : If raising minimum wage will kill businesses and and increase inflation, then wouldn't reducing the earnings of the people at the top of corporations have the opposite effect?

Last Answer : Ooooooo snap!

According to the classical system, saving is a function of - (1) Income (2) The interest rate (3) The real wage (4) The Price level

Description : According to the classical system, saving is a function of - (1) Income (2) The interest rate (3) The real wage (4) The Price level

Last Answer : (1) Income Explanation: Saving function is a mathematical relation between saving and income by the household sector. This function captures the saving-income relation, the flip side of the consumption-income relation that forms one of the key building blocks for Keynesian economics.

According to the classical system, saving is a function of (1) Income (2) The interest rate (3) The real wage (4) The Price level

Description : According to the classical system, saving is a function of (1) Income (2) The interest rate (3) The real wage (4) The Price level

Last Answer : Income

Though his ideas were not successful, what philosopher felt that worker boredom was a key problem and believed that in order to solve this problem workers should be able to change their job assignments daily?

Description : Though his ideas were not successful, what philosopher felt that worker boredom was a key problem and believed that in order to solve this problem workers should be able to change their job assignments daily?

Last Answer : Algerian officials and activists believe that this is a good first step and hope that this move would encourage broader reparation.Tensions between Algeria and Morocco in relation to the Western ... colonial occupation during the Algerian War of Independence (1954-62). Total military personnel in

“Any asset capable of serving as a temporary abode of purchasing power is money.” This definition of money is given by (a) Milton Friedman (b) Gurley and Shaw (c) Francis Walker (d) Crowther

Description : “Any asset capable of serving as a temporary abode of purchasing power is money.” This definition of money is given by (a) Milton Friedman (b) Gurley and Shaw (c) Francis Walker (d) Crowther

Last Answer : (a) Milton Friedman

Capacity utilization - (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital stock used for current production. (4) rises as the economy moves into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Description : Capacity utilization - (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital ... into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Last Answer : (3) is a measure of the proportional of the existing capital stock used for current production. Explanation: Capacity utilisation refers to the extent or level to which the productive capacity of a ... as a percentage, it is computed by dividing the total capacity with the portion being utilized.

Capacity utilisation (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital stock used for current production. (4) rises as the economy moves into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Description : Capacity utilisation (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital ... into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Last Answer : is a measure of the proportional of the existing capital stock used for current production.

I am looking for online resources for aggregated statistics on corporate spending and earnings in the US, help?

Description : I am looking for online resources for aggregated statistics on corporate spending and earnings in the US, help?

Last Answer : So you mean for all of the companies in the U.S. or individual companies?

The gross domestic product is 1. a measure of the profit made by all firms in the nation 2. the average annual earnings per person in the nation 3. a measure of the types of products produced by a nation 4. an overall measure of a nation's economic standing 5. none of these

Description : The gross domestic product is 1. a measure of the profit made by all firms in the nation 2. the average annual earnings per person in the nation 3. a measure of the types of products produced by a nation 4. an overall measure of a nation's economic standing 5. none of these

Last Answer : an overall measure of a nation's economic standing

The gross domestic product is A)a measure of the profit made by all firms in the nation. B)the average annual earnings per person in the nation. C)a measure of the types of products produced by a nation. D)an overall measure of a nation's economic standing.

Description : The gross domestic product is A)a measure of the profit made by all firms in the nation. B)the average annual earnings per person in the nation. C)a measure of the types of products produced by a nation. D)an overall measure of a nation's economic standing.

Last Answer : D)an overall measure of a nation's economic standing.

The National Mission for Sustainable Agriculture (NMSA) aims at which of the following? a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and genetic resources by developing strategies to make agriculture more resilient to climate change. b. Improving agricultural productivity by providing timely advisory services to farmers to adopt best practices, technology, meet with contingencies, market information, etc. c. Notifying agricultural commodities produced in the region and providing their first sale mechanism. d. Providing Irrigation benefits to the farmers to ensure early completion of projects.

Description : The National Mission for Sustainable Agriculture (NMSA) aims at which of the following? a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and ... mechanism. d. Providing Irrigation benefits to the farmers to ensure early completion of projects.

Last Answer : a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and genetic resources by developing strategies to make agriculture more resilient to climate change.

‘Wage Fund Theory’ has been given by (a) Adam Smith (b) Malthus (c) David Ricardo (d) J.S. Mill

Description : ‘Wage Fund Theory’ has been given by (a) Adam Smith (b) Malthus (c) David Ricardo (d) J.S. Mill

Last Answer : (c) David Ricardo

I have been told time, and time again when the demand for minimum wage workers increase….(see details)

Description : I have been told time, and time again when the demand for minimum wage workers increase….(see details)

Last Answer : In America, it’s fairly difficult to bring in foreign workers legally to fill non-skilled positions. Hiring illegal immigrants is another issue.

Tax Deduction Source?

Description : Tax Deduction Source?

Last Answer : TDS, collecting of income tax. It is a type of direct tax deduction by a person making payments. A person making the payments after charging TDS is called the Deductor while a person receiving payment is ... for deducting TDS. TDS is in line with "pay as you earn" scheme known as Withholding Tax.

When the minimum wage goes up, how does the money cycle change?

Description : When the minimum wage goes up, how does the money cycle change?

Last Answer : Inflation increases the cost of goods, the value of the money goes down. I remember hearing, back in the 70's, that a dollar was worth 26 cents. Your money buys less and less, and the prices continue to ... on one side. It took a whole grocery bag full of these marks to buy a single loaf of bread.

Write True or False against each statement: The introduction of the fly shuttle enabled hand loom workers to improve their productivity. -SST 10th

Description : Write True or False against each statement: The introduction of the fly shuttle enabled hand loom workers to improve their productivity. -SST 10th

Last Answer : solutions : - True

How employer can track the productivity of remote workers?

Description : How employer can track the productivity of remote workers?

Last Answer : There are lots of ways that you can follow to track the productivity of remote workers, some of them are mentioned below, might these ways would be helpful for you: 1. Set tasks with clear ... 's Internet usage. 4. Follow up with remote employees regularly. 5. Use an employee monitoring software

The aggregate plann The aggregate planning strategy that is most likely ing strategy that is most likely to impact the prod to impact the productivity of ity of manufacturing workers, adversely, is: a)Hiring of temporary workers b)Use of overtime c)Layoff of workers d)Building anticipation inventory

Description : The aggregate plann The aggregate planning strategy that is most likely ing strategy that is most likely to impact the prod to impact the productivity of ity of manufacturing workers, adversely, ... )Hiring of temporary workers b)Use of overtime c)Layoff of workers d)Building anticipation inventory

Last Answer : d)Building anticipation inventory

The percentage of workers that left the company last year is the: a. Complement. b. Separated Employees. c. Productivity Index. d. Turnover rate. e. None of the above.

Description : The percentage of workers that left the company last year is the: a. Complement. b. Separated Employees. c. Productivity Index. d. Turnover rate. e. None of the above.

Last Answer : d. Turnover rate.

The Hawthorne studies: (a) Found that to increase worker efficiency, management must analyze and minimize the motions required to complete a task. (b) Found that when workers know they are being watched, their productivity increases. (c) Found that a worker is inherently lazy and will use any excuse not to perform their duties. (d) Found that workers accept a managerial directive only if it is acceptable in terms of their personal interests.

Description : The Hawthorne studies: (a) Found that to increase worker efficiency, management must analyze and minimize the motions required to complete a task. (b) Found that when workers know they are ... that workers accept a managerial directive only if it is acceptable in terms of their personal interests.

Last Answer : (b) Found that when workers know they are being watched, their productivity increases. 

Disguised unemployment refers to the situation when (a) Marginal Productivity of the surplus workers is zero (b) Marginal productivity of the surplus workers is less than average productivity (c) Marginal productivity of the surplus workers is falling sharply (d) Marginal productivity of the surplus workers is falling sharply

Description : Disguised unemployment refers to the situation when (a) Marginal Productivity of the surplus workers is zero (b) Marginal productivity of the surplus workers is less than average productivity ( ... surplus workers is falling sharply (d) Marginal productivity of the surplus workers is falling sharply

Last Answer : (a) Marginal Productivity of the surplus workers is zero

State the benefits of productivity to management and workers.

Description : State the benefits of productivity to management and workers.

Last Answer : Benefits to management  a. Higher productivity earns good reputation of the firm. b. Ensures stability of the firm. c. Results in more profit. d. Result in increased sales and provide opportunity ... c. Job satisfaction and job security. d. Standard of living of worker is improved.

What's the biggest challenge facing minimum wage workers in America today? Low wage per hour or low hours per week?

Description : What's the biggest challenge facing minimum wage workers in America today? Low wage per hour or low hours per week?

Last Answer : answer:There's another issue happening at big box stores and corporate chains. To keep labor costs low, managers use forecasting software to write schedules. So if the software says you can only have 20 ... , entry-level service jobs. I think it's this century's version of Gilded Era factory work.

Mark the correct option a) No cheque collection charge is to be charged in Worker wage accounts b) Workers wage account cannot be transferred from one post office to another Post office c) No subsequent deposit can be made in workers wage account d) No amount is required for opening worker wage accounts e) All the above

Description : Mark the correct option a) No cheque collection charge is to be charged in Worker wage accounts b) Workers wage account cannot be transferred from one post office to another Post office c) No ... workers wage account d) No amount is required for opening worker wage accounts e) All the above

Last Answer : e) All the above

Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above

Description : Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above

Last Answer : d) All the above

The number of workers who would offer themselves for employment at different wage rates is known as?

Description : The number of workers who would offer themselves for employment at different wage rates is known as?

Last Answer : Supply of Labour

In the Human Resources section, workers will strike one week for: a. every 1% your Annual Raise Negotiations Ceiling is beneath Labor’s demand. b. every $300 your Benefits Negotiations Ceiling is beneath Labor’s demand. c. every 1% your Profit Sharing Negotiations Ceiling is beneath Labor’s demand. d. every $1 your Wage Negotiation Ceiling is beneath Labor’s demand. e. all of the above.

Description : In the Human Resources section, workers will strike one week for: a. every 1% your Annual Raise Negotiations Ceiling is beneath Labor's demand. b. every $300 your Benefits Negotiations Ceiling is beneath ... every $1 your Wage Negotiation Ceiling is beneath Labor's demand. e. all of the above.

Last Answer : e. all of the above.

Your workers go on strike because they have demanded $20/hour and your wage negotiation ceiling is at $18/hour. Assuming that there are no other labor demands, how long will the strike last? a. 2 weeks b. 4 weeks c. 8 weeks d. 16 weeks e. There is no way to determine how long the strike will last.

Description : Your workers go on strike because they have demanded $20/hour and your wage negotiation ceiling is at $18/hour. Assuming that there are no other labor demands, how long will the strike last? a. 2 weeks b. ... . 8 weeks d. 16 weeks e. There is no way to determine how long the strike will last.

Last Answer : a. 2 weeks

In the current contract, the workers’ wage rate is $20.00. Which of the following negotiation positions would be outside the starting and ceiling amounts? a. $16.00 to $25.00 b. $18.00 to $30.00 c. $18.00 to $35.00 d. $16.00 to $20.00

Description : In the current contract, the workers’ wage rate is $20.00. Which of the following negotiation positions would be outside the starting and ceiling amounts? a. $16.00 to $25.00 b. $18.00 to $30.00 c. $18.00 to $35.00 d. $16.00 to $20.00

Last Answer : c. $18.00 to $35.00

In present times, the prestige level of teachers is recognized by the general public as Options: A) Above that of professional worker B) On a par with the professional class of workers C) On a par with the wage earner or labour D) Somewhere between wage earner and professional worker

Description : In present times, the prestige level of teachers is recognized by the general public as Options: A) Above that of professional worker B) On a par with the professional class of workers C) On a par with the wage earner or labour D) Somewhere between wage earner and professional worker

Last Answer : D) Somewhere between wage earner and professional worker 

Does outsourcing create purchasing power? If not, then what is the long term effect?

Description : Does outsourcing create purchasing power? If not, then what is the long term effect?

Last Answer : It’s cheaper to hire poorer people for menial jobs.

Demand of commodity mainly depends upon - (1) Purchasing will (2) Purchasing power (3) Tax policy (4) Advertisement

Description : Demand of commodity mainly depends upon - (1) Purchasing will (2) Purchasing power (3) Tax policy (4) Advertisement

Last Answer : (2) Purchasing power Explanation: The demand of commodity mainly stems from the consumption capacity of the buyer. Demand is equal to desire plus ability to pay plus will to spend. Demand for a commodity depends upon number of factors called Determinants.

Demand in Economics means : (1) Aggregate demand (2) Market demand (3) Individual demand (4) Demand backed by purchasing power

Description : Demand in Economics means : (1) Aggregate demand (2) Market demand (3) Individual demand (4) Demand backed by purchasing power

Last Answer : (4) Demand backed by purchasing power Explanation: Demand ' in Economics refers to the quantity of a good or service consumers ate able and willing to buy at a given price in a given market during a specified time period , other things beings equal.

Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Last Answer : (2) the forces of demand and supply in the foreign exchange market Explanation: A floating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to ... by the foreign-exchange market through supply and demand for that particular currency relative to other currencies.

flation (a) Always reduces cost of living (b) Always reduces standard of living © Reduces price of products (d) Reduces purchasing power of money

Description : flation (a) Always reduces cost of living (b) Always reduces standard of living © Reduces price of products (d) Reduces purchasing power of money

Last Answer : (d) Reduces purchasing power of money

Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies 

Last Answer :  the forces of demand and supply in the foreign exchange market

Demand in Economics means : (1) Aggregate demand (2) Market demand (3) Individual demand (4) Demand backed by purchasing power

Description : Demand in Economics means : (1) Aggregate demand (2) Market demand (3) Individual demand (4) Demand backed by purchasing power

Last Answer : Demand backed by purchasing power

Demand of commodity mainly depends upon– (1) Purchasing will (2) Purchasing power (3) Tax policy (4) Advertisement

Description : Demand of commodity mainly depends upon– (1) Purchasing will (2) Purchasing power (3) Tax policy (4) Advertisement

Last Answer : Purchasing power