Answer: $393
Explanation:
Real GDP is the nominal GDP after it is adjusted for inflation. When using the price index, it can be adjusted by the formula:
Real GDP = Nominal GDP for year 1 / Price index for year 1 * 100
= 550 / 140 * 100
= 392.8571
= $393
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Answer:
A. LaborUnions, Legislation on labor and work reform
Explanation:
Unionized labor often improves the wages corporations pay across the committee to their workers. ... Collective agreement arrangements generate significant advantages for workers who may not be interested in raising production because they earn a higher salary.
The Labor Reform Act of 1977 was a recommended United States Act of Congress on US labor legislation that never came into dominance. It would have modified the labor law to bring it in line with modern advancements and global standards, by eliminating obstacles from employers to unions structure in the workplace.
