Labor income's share in an advanced country is likely to be
A)70%.
B)45%.
C)29%.
D)10%.
E) none of the above

Name: Labor income's share in an advanced country is likely to be A)70%. B)45%. C)29%. D)10%. E) none of the above
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In advanced economies, labor income typically constitutes a large portion of the national income, often around 60% to 70%. This reflects the high level of wages and salaries in the total economic output compared to capital income.

Labor Income's Share in an Advanced Country Is Likely to Be