In the following passage there are blanks, each of which has been numbered.…
2026
In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words/phrases are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.
The digital economy is carving out new divides between capital and labor, by allowing one firm, or a small number of firms, to capture an increasingly large market share. With “superstar” companies operating globally, and (_____1_____) markets in multiple countries simultaneously, market concentration throughout the Group of 20 developed and major emerging economies has increased considerably in just the past 15 years. To address this phenomenon, the G20 should create a World Competition Network to restore competition and address income inequality between capital and labor. As a larger share of total income shifts to capital across many G20 countries, the World Competition Network would seek to (_____2_____) the decline in labor’s share of GDP. During the period after World War II, 70% of national GDP went to labor income, and the remaining 30% to capital income. John Maynard Keynes described the (_____3_____) of the labor share as something of a “miracle.” But the rule has since broken down. Between the mid1980’s and today, labor’s share of world GDP declined to 58%, while capital’s share rose to 42%.The digital economy is carving out new divides between capital and labor, by allowing one firm, or a small number of firms, to capture an increasingly large market share. With “superstar” companies operating globally, and dominating markets in multiple countries simultaneously, market (_____4_____) throughout the Group of 20 developed and major emerging economies has increased considerably in just the past 15 years. To address this phenomenon, the G20 should create a World Competition Network to restore (_____5_____) and address income inequality between capital and labor.
Find the appropriate word in each case 3
- A.
stability
- B.
auxiliary
- C.
diffusion
- D.
amelioration
Attempted by 122 students.
Show answer & explanation
Correct answer: A
Answer: stability
Explanation: The sentence reads, "John Maynard Keynes described the stability of the labor share as something of a 'miracle.'" "Stability" (noun) means the state of being steady or consistent over time, which precisely matches the intended meaning that labor’s share remained reliably high in the postwar period.
auxiliary — Means supplementary or providing additional help. This does not describe a characteristic like steadiness, so it does not fit the blank.
diffusion — Refers to spreading or dispersal. The blank calls for a noun describing the nature of the labor share, not a process, so this is not appropriate.
amelioration — Means improvement. While related to change, the passage emphasizes the previous constancy (a steady state) of the labor share, making "stability" the best fit.
Summary: "Stability" is the correct choice because it best matches the grammatical structure and the author's intended meaning about the labor share being consistently maintained—something Keynes called a "miracle."