(Consider This) Which of the following best explains why total compensation for U.S. workers has increased significantly over the past several decades, but take-home pay by U.S. workers has increased by much less?
A. An increased share of total compensation has gone to provide health insurance to workers.
B. The share of total compensation going to retirement accounts has increased relative to all
other components of compensation.
C. Total compensation is measured in current dollar terms; take-home pay is measured in
inflation-adjusted dollars.
D. Workers are receiving a much larger share of total compensation in the form of goods and
services produced by the firms that employ them.
Answer: A
You might also like to view...
Regression analysis indicates that there are job-related characteristics that may explain some, if not all, of the wage gap between men and women, including hours worked, job tenure, career choice, and choice of college major
Briefly discuss the differences between men and women with respect to these four characteristics.
If the MPC = 0.9, the multiplier would be:
A. 0.1. B. 2. C. 9. D. 10.