Which factor of production accounts for the highest percentage of the income that the production process generates in the United States?
A)Capital
B)Natural resource
C)Land
D)Labor

Question

Quizplus · Accepted Answer

According to the Bureau of Economic Analysis, labor accounts for approximately 60% of the income generated by the production process in the United States. Therefore, D (Labor) is the correct choice.

Which Factor of Production Accounts for the Highest Percentage of the Income