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

Question

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

Quizplus · Accepted Answer

Labor accounts for the highest percentage of income generated in the production process in the US, as the country is a service-based economy with a large focus on specialized industries such as technology, healthcare, and finance that require a skilled workforce. While capital and natural resources are important factors in the production process, they do not account for as large a share of the income generated as labor does.

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