The following information is available for the first year of operations of engle inc., a manufacturer of fabricating equipment: sales $7,270,000 gross profit 1,450,000 indirect labor 330,000 indirect materials 195,000 other factory overhead 90,000 materials purchased 5,100,000 total manufacturing costs for the period 6,170,000 materials inventory, end of period 480,000 determine the following amounts:

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.