Answer:
The correct option is (d)
Explanation:
Real wages are nominal wages less inflation. Nominal wage is not adjusted for inflation. Everyone had expected an inflation of 3% per year while increase in wages per year is 5%. This implied that they will expect real wage of 2% (5% - 3%) per year.
However, it turned out that inflation was 5% per year. This means that real wages were actually 0% (5% - 5%). There was no increase in real wages at all. So, they received lower real wage (actually nil) as against expected real wage of 3% per year.
Answer: <u>FORMATIVE EVALUATION</u> is research to identify consumer needs and orientations and in the communication analysis stage to focus on specific audiences, evaluate audience message behaviors, field test messages to guide message conceptualization and development, and identify communication channels with high audience reach, specificity, and influence.
Explanation: Formative evaluation is a research process in which users' needs are analyzed, mainly focusing on specific audiences, how messages are received by these audiences and how it influences them and helps identify the most appropriate information channel .
The answer is D.} the inflation rate was 12 percent.