The LARGEST component of the factor distribution of income in Canada is:
A) interest and rents.
B) taxes.
C) corporate profits.
D) compensation of employees.

Question

Quizplus · Accepted Answer

According to Statistics Canada, the largest component of the factor distribution of income in Canada is the compensation of employees, which includes wages, salaries, and employer contributions to pension plans and other social benefits. This component accounted for 61% of the factor income in 2019, while corporate profits accounted for 11%, interest and rent for 7%, and taxes for 20%. Therefore, option D is the correct choice.

The LARGEST Component of the Factor Distribution of Income in Canada