Approximately what percentage of U.S. national income is paid to workers rather than to owners of capital

Question:

Approximately what percentage of U.S. national income is paid to workers rather than to owners of capital and land?

a. 25 percent

b. 45 percent

c. 65 percent

d. 85 percent

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

See More Books

Question Posted: Jan 27, 2024 11:00 PM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
Multiple Choice Questions 1. Approximately what percentage of U.S. national income is paid to workers, as opposed to owners of capital and land? a. 30 percent b. 50 percent c. 70 percent d. 90...
Implement a Digraph data type that represents directed graphs, where the direction of edges is significant: $\operatorname{addEdge}(v, w)$ means to add an edge from $v$ to $w$ but not from...
Explain how the length contraction and time dilation formulas might be used to indicate that c is the limiting speed in the universe.
A career counselor claims that the mean annual salary of entry-level paralegals in Peoria, Illinois, and Gary, Indiana, is the same. The mean annual salary of 40 randomly selected entry-level...
The Foreign Corrupt Practices act can levy fines of more than five hundred million against companies our size that do not eliminate corruption in their operations abroad. Can you understand why the...
Statement and Note Disclosure, LCM, and Purchase Commitment Maddox Specialty Company, a division of Lost World Inc., manufactures three models of gear shift components for bicycles that are sold to...
Find a big-O estimate (in terms of n) for the run-time of the code given below. m+0 for i1 to n forji i to n * n m+i+j (b) i1 while i n j <1 while j i jj+1 i+i+1 Activate Go to Setti
If firms are competitive and profit-maximizing, the demand curve for labor is determined by a. the opportunity cost of workers time. b. the value of the marginal product of labor. c. the value of the...
Antitrust enforcement is controversial mainly because a. cooperative domestic firms are best equipped to deal with international competitors. b. some business practices that seem anticompetitive may...
Given that the purchase price of a machine is $1,000 and its market value at EOY four is $300, complete Table P5-24 below [values (a) through (f)], using an opportunity cost of 5% per year. Compute...
One would expect the real return on 10-year TIPS to be constant over time because there is no credit risk in the bond. Why?
A company purchases LED light bulb manufacturing equipment for $625,000. The manufacturing equipment has a production rate of 2050 light bulbs per shift. The light bulb manufacturing equipment has an...
2. Create a Java program (Greatest) that will allow the user to enter series of positive integers until the user enters a value of -999. The program will then output an appropriate message stating...
Brandon (56) and Diane (54) are married and file a joint tax return. Brandon has self-only coverage in a high-deductible health plan (HDHP) through his employer. Diane has family coverage in an HDHP...
You invested $50,000 to start a corporation, but things haven't gone as planned. After two years of no profits, you have to shut the doors. The business owes creditors $75,000 for bills you haven't...
It is impossible for an auditor to guarantee that a companys financial statements are free of all error because the cost to the company to achieve absolute accuracy (even if that were possible) and...
Solve the relation Exz:Solve therelation ne %3D
From the data in Table 5.6 about supply of alarm clocks, calculate the price elasticity of supply from: point J to point K, point L to point M, and point N to point P. Classify the elasticity at each...
From the data in Table 5.5 about demand for smart phones, calculate the price elasticity of demand from: point B to point C, point D to point E, and point G to point H. Classify the elasticity at...
The country of Pepper-land exports steel to the Land of Submarines. Information for the quantity demanded (Qd) and quantity supplied (Qs) in each country, in a world without trade, are given in Table...
Question 6 Not complete Marked out of 10.00 Flag question Estimating and Recording Bad Debt Estimates and Write-Offs; Reporting of Accounts Receivable Mast Company's December 31 balances from the...
The following are selected 2023 transactions of Concord Corporation. Purchased inventory from Bramble Ltd. on account for $43,600. Concord uses a periodic inventory system. Sept. 1 Oct. 1 1 Borrowed...
The following balance sheet data are for Brintany Coastal Catering Service, a corporation at May 31, 2019: Accounts Receivable $27,300 Accounts payable $10,200 Notes Payable 29,000 Cash 16,300...

Approximately what percentage of U.S. national income is paid to workers rather than to owners of capital

Question:

Step by Step Answer:

Principles Of Microeconomics

Students also viewed these Business questions