What is the definition of the term, "labor share"?
A) The share of labor costs in a firm's total costs.
B) The share of labor income in national income.
C) The share of federal taxes paid by employees rather than by capitalists.
D) The share in total business revenues that employees receive.
Correct Answer:
Verified
Q12: Which of the following would be classified
Q13: Gross Domestic Product consists of spending on
A)
Q14: What is included in employee compensation?
A) Wages,
Q15: When exports are less than imports, the
Q16: Property income includes
A) bonuses, commissions, rent, and
Q18: What are net exports?
A) Exports after all
Q19: Holding everything else constant, if exports are
Q20: What is disposable personal income?
A) Income that
Q21: A "progressive" tax is
A) one that is
Q22: Inflation is defined as
A) an increase in
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