The factor distribution of income: refers to the pattern of income that people derive from different factors of production. shows how much income people get from labor compared to land and capital. hasn't changed substantially in the last century in the United States. All of these are true.

The factor distribution of income: refers to the pattern of income that people derive from different factors of production. shows how much income people get from labor compared to land and capital. hasn't changed substantially in the last century in the United States. All of these are true.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: The Markets For The Factor Of Production

Section18.4: The Other Factors Of Production: Land And Capital

Problem 4QQ

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Question

The factor distribution of income:

refers to the pattern of income that people derive from different factors of production.
shows how much income people get from labor compared to land and capital.
hasn't changed substantially in the last century in the United States.
All of these are true.

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