Of the total income earned in the U.S. economy, approximately
a. 33 percent is earned by workers, and 67 percent is earned by landowners.
b. 50 percent is earned by workers, 25 percent is earned by landowners, and 25 percent is earned by owners of capital.
c. 67 percent is earned by workers, and 33 percent is earned by owners of land and capital.
d. 90 percent is earned by workers, and 10 percent is earned by owners of land and capital.
c
You might also like to view...
When the real interest rate falls, the consumption function
A) does not shift and there is a movement downward along the consumption function. B) shifts upward. C) does not shift and there is a movement upward along the consumption function. D) shifts downward. E) does not shift and there is no movement along the consumption function.
Money's most narrow definition is based on its function as a
A) store of value. B) standard of barter. C) unit of account. D) medium of exchange. E) standard of deferred payment.
If nominal wage rates are contractually determined and cannot change in the short run, then an unexpected increase in the inflation rate will:
a. increase business profits and reduce the unemployment rate. b. reduce both business profits and the unemployment rate. c. reduce business profits and increase the unemployment rate. d. increase both business profits and the unemployment rate. e. cause no change in business profits or the unemployment rate
Its Consumer Advisory Committee conducts open market operations of the Fed
Indicate whether the statement is true or false