k 5 - Apply: Summative Assessment: The Microecono... i Saved 11 a. The amount of goods and services that the wage can purchase, or the purchasing power of the wage, is known as the O productive wage. O real wage. O marginal wage. points O nominal wage. eBook b. The dollar wage that a worker receives is known as the References O real wage. O productive wage. O nominal wage. O marginal wage. c. Samuel measures his purchasing power in terms of the average cost of a gym membership. Which of the following scenarios would leave him best off? O He was offered a job earning $100,000 in wages in city A. The average price of a gym membership in city A is $100. O He was offered a job earning $120,000 in wages in city B. The average price of a gym membership in city B is $200. O He was offered a job earning $80,000 in wages in city C. The average price of a gym membership in city C is $50. O He was offered a job earning $200,000 in wages in city D. The average price of a gym membership in city D is $150. d. Which type of wages are more informative in determining the purchasing power of income