JAMB Economics 2020 Objective — Question 49
Question 49 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.
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A valid explanation for real wage growth is
- A. an increase in the rate of productivityCorrect
- B. the rising cost of capital
- C. a contraction of employment in service industries
- D. an increase in the quantity of labour
Explanation
Real wage growth is most validly explained by an increase in the rate of worker productivity.
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