This is expressed in constant dollar.
A)Nominal value of the minimum wage
B)Real value of the minimum wage
C)Absolute value of the minimum wage
D)Comparative value of the minimum wage

Question

Quizplus · Accepted Answer

The real value of the minimum wage is adjusted for inflation and expressed in constant, or purchasing power, dollars. This allows for a more accurate comparison of the value of the minimum wage over time, as it takes into account changes in the overall price level. The other answer choices do not accurately describe the concept of expressing the value of the minimum wage in constant dollars.

This Is Expressed in Constant Dollar