The labor share of total income is the proportion of total income earned by
A)The unionized workforce.
B)The nonunionized workforce.
C)All workers.
D)All households.

Question

Quizplus · Accepted Answer

The labor share of total income refers to the proportion of total income earned by all workers, not just those who are unionized or nonunionized. Therefore, the best choice is C, all workers.

The Labor Share of Total Income Is the Proportion of Total