Which of the following is a valid explanation for real wage growth?

A) the rising cost of capital accumulation
B) a contraction of employment in manufacturing industries
C) an increase in the quantity of labor
D) a rising rate of labor productivity growth

Real Wage Growth

An increase in wage rates adjusted for inflation, indicating an increase in purchasing power and standard of living.

Capital Accumulation

The process of acquiring additional assets or capital goods aimed at increasing productive capacity or wealth.

Labor Productivity Growth

An increase in the output of goods and services per hour worked, which can lead to higher living standards and economic growth.