In the past 60 years or so, labor's share of GDP in the United States ________.
A) has been roughly two-thirds.
B) has been exactly 50 percent.
C) has been roughly one-third.
D) has been equal to capital's income share.
E) has risen sharply.

Question

Quizplus · Accepted Answer

Labor's share of GDP in the United States has historically been around two-thirds, although it has experienced some fluctuations over time. This reflects the portion of national income that is paid out in wages, salaries, and benefits, as opposed to the share that goes to capital in the form of profits, interest, and rent.

In the Past 60 Years or So, Labor's Share of GDP