Most of the total income made in the U.S.economy is paid as
A) profits to businesses.
B) interest to capital lenders.
C) rent to building owners.
D) wages and benefits to laborers.
E) taxes to government.

Question

Quizplus · Accepted Answer

According to the Bureau of Economic Analysis, wages and salaries accounted for 42.5% of the total income earned in the U.S. economy in 2019, while proprietors' income accounted for an additional 7.8%, making a total of 50.3%. In contrast, corporate profits accounted for only 7.6%, while interest income and rental income accounted for 3.6% and 2.2%, respectively. Therefore, the majority of the total income made in the U.S. economy is paid as wages and benefits to laborers.

Most of the Total Income Made in the U