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Q. Explain about Real Wages?
Real Wages:Value of wages, adjusted for level of consumer prices. If nominal value of wages is growing faster than consumer prices, then real wages are growing and thus real consumption possibilities offered to workers are improving.
Ask question how do I find the Price
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Explain how foreign aid might help in the development process of a developing country. Definition/outline of various forms of aid, i.e. donor aid, tied aid, bilateral aid etc.
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