Question: The following data for 2 0 1 7 are from the Organization for Economic Co - operation and Development ( OECD ) . Country Average
The following data for are from the Organization for Economic Cooperation and DevelopmentOECD
Country
Average Annual Hours Worked
Average Annual Wages
Germany
$
United States
$
The average German worker worked more than fewer hours per year and earned nearly $ less than did the average worker in the United States. Can we conclude anything about the wellbeing of the average German worker versus the wellbeing of the average worker in the United States from these data? What other measures would you like to see in evaluating the wellbeing of workers in these two countries?
Source: stat.oecd.org.
Part
Can we conclude anything about the wellbeing of the average German worker versus the wellbeing of the average worker in the United States from these data?
A
Yes the German worker is better off because they worked less per year.
B
No because we do not have information about the relative value of the currencies.
C
Yes the German worker is worse off because they earned less per year.
D
No because although the German worker earned less per year, they also worked less per year.
Part
What measures besides average number of hours worked and real per capita GDP would you like to have to evaluate the wellbeing of workers in OECD countries?
A
Indicators of pollution, crime and other social problems, and the distribution of income.
B
Indicators of population density, transportation, and average energy use.
C
Indicators of social programs, transportation, and crime.
D
Indicators of population density, the distribution of income, and average energy use.
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