a. The amount of goods and services that the wage can purchase, or the purchasing power of the wage, is known as the multiple choice 1 real wage. nominal wage. productive wage. marginal wage. b. The dollar wage that a worker receives is known as the multiple choice 2 marginal wage. productive wage. real wage. nominal 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? multiple choice 3 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. 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. 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. 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? multiple choice 4