What is the distribution of national income currently among the owners of the factors of production-land, labor, capital, and entrepreneurship?
According to the text, in 2013, rent was 4% of national income; interest payments accounted for 3.2%; corporate profits claimed 14%; income from other business proprietorships represented 9.3%t; and the wage and salary return to labor was about 60% of national income.
Economics
You might also like to view...
In the aggregate demand-aggregate supply model, economic growth can be illustrated by an
a. outward shift of the aggregate demand curve. b. inward shift of the aggregate demand curve. c. inward shift of the aggregate supply curve. d. All of the above.
Economics
Banks considered "too big to fail" were:
A. bailed out through fiscal policy. B. bailed out through consumer spending. C. allowed to go bankrupt. D. helped by fiscal policy, but eventually went bankrupt.
Economics