Labor income in the U.S. equals approximately ________ of GDP.
A) 10 percent
B) 25 percent
C) 50 percent
D) 75 percent
Correct Answer:
Verified
Q104: Wages and salaries are examples of:
A)consumption.
B)labor income.
C)capital
Q105: Three equivalent ways to measure GDP are
Q106: A measure of GDP in which quantities
Q107: The total income of capital and labor
Q108: An economy produces 500,000 tables valued at
Q110: The following provides data for an economy
Q111: Capital income in the U.S. equals approximately
Q112: Labor income includes:
A)wages, salaries, and earnings of
Q113: Capital income includes:
A)profits, rent, and interest.
B)wages and
Q114: An economy produces 1,000,000 computers valued at
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