Historically for the united states the share of GDP income attributable to labor has been estimated to be?

Question

Question

Historically for the united states the share of GDP income attributable to labor has been estimated to be?

1/3
3/4
1/3
4/4

business economics

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Answer 1

Answer #1

Solution: 3/4
Explanation: Historically in U.S., capital's share and labor's share of GDP have been nearly 1/3 and 2/3. However as we donot have the option of 2/3 thus selecting the option of 3/4

Please note that the 1st and 3rd option are same. There is a chance of misprint and the options might be 1/3 and 2/3. In this scenario 2/3 will be the correct option

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Answer 2

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Historically for the united states the share of GDP income attributable to labor has been estimated to be?

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