Sail E0 Webinar
Question
Real wage is :
Options:
A .  $\text"Money wage"/\text"price level"$
B .  $\text"Profit"/\text"price level"$
C .  $\text"Rent"/\text"price level"$
D .  $\text"Interest"/\text"price level"$
Answer: Option A
Answer: (a)If a person’s wage rises by ten per cent and prices rise by more than ten per cent, his real wage goes down.

Was this answer helpful ?
Next Question

Submit Solution

Your email address will not be published. Required fields are marked *

Latest Videos

Latest Test Papers