Labor income in the U.S.equals approximately ______ of GDP.
A) one third
B) two fifths
C) one half
D) two thirds
Correct Answer:
Verified
Q104: Wages and salaries are examples of:
A)consumption.
B)labor income.
C)capital
Q106: A measure of GDP in which quantities
Q108: Real GDP measures the _ of production;
Q112: To compare the change in physical production
Q112: Labor income includes:
A)wages, salaries, and earnings of
Q118: Profits, rents, interest, and royalties are examples
Q118: Assume an economy produces only footballs and
Q124: In the base year, real GDP _
Q128: Nominal GDP measures the _ of production.
A)change
Q136: Real GDP measures the _ of production.
A)change
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