Of the total income earned in the U.S. economy, about____ a)67 percent is earned by laborers,...
Of the total income earned in the U.S. economy, about____
a)67 percent is earned by laborers, and 33 percent is earned by other factors.
b)50 percent is earned by laborers, 25 percent by landowners, and 25 percent by capital lenders.
c)67 percent is earned by landowners, while 33 percent is earned by capitalists.
d)51 percent is earned by laborers, and 49 percent is earned by land and capital owners.
40 percent is earned by government, 50 percent by landowners, and 10 percent by laborers.
Homework Answers
Correct Answer:
A
67% of the total income is contributed by the labor force working in the economy. Remaining part is delivered by the other factors.
Add Answer to:
Of the total income earned in the U.S. economy, about____
a)67 percent is earned by laborers,...
About what percent of the U.S. income is earned in wages and benefits? A. 72 B....
About what percent of the U.S. income is earned in wages and benefits? A. 72 B. 40 C. 33 D. 60 E. 67
Income Inequality What percent of total income in US is earned by the top one percent...
Income Inequality What percent of total income in US is earned by the top one percent of earners? What are the contributing factors to growing income and wealth inequalities in US?
Consider an economy that can produce two goods, manufactures and food. Manufactures are produced using capital...
Consider an economy that can produce two goods, manufactures and
food. Manufactures are produced using capital and labor. Food is
produced using land and labor. The total supply of labor is 20
units. Given the supply of capital and land, the marginal products
of labors are as follows:
Suppose that the price of manufactures is 2 and the price of
food is 1.
A.Determine graphically and algebraically the wage rate and the
allocation of labor between the two sectors
B.Calculate,...
Suppose you are a typical person in the U.S. economy. You pay 4 percent of your...
Suppose you are a typical person in the U.S. economy. You pay 4 percent of your income in a state income tax and 15.3 percent of your labor earnings in federal payroll taxes (employer and employee shares combined). You also pay federal income taxes as in Table 2. How much tax of each type do you pay if you earn $30,000 a year? Taking all taxes into account, what are your average and marginal tax rates? What happens to your...
Q1) Total government spending in the U.S. economy was around _____ of the GDP in the...
Q1) Total government spending in the U.S. economy was around _____ of the GDP in the financial year 2010. Group of answer choices 36 percent 44 percent 5 percent 16 percent 25 percent Q2) The lowest of the federal or state minimum wage levels prevails in each state. Group of answer choices True False Q3) The market process ensures that, when all transactions are voluntary, resources get allocated to the use where they are valued the most. Group of answer...
The government finances the budgetary deficit by A) from the public (through the sale of B)...
The government finances the budgetary deficit by A) from the public (through the sale of B) issued by the U.S. Treasury), or from other countries (such as China), or from the Federal Reserve System (we’ll get into that in the next module). People holding U.S. government Treasury Bills, Treausry notes and Treasury bonds are C) (lenders/borrowers – fill in the number from the word bank) to/from the federal government. The total amount owed by the federal government is known as...
1.If an economy saves 50 percent of any increase in income, then an increase in investment...
1.If an economy saves 50 percent of any increase in income, then an increase in investment of $10 billion can produce an increase in income of as much as: A. $15 billion B. $10 billion C. $5 billion D. $20 billion 2. For a tax to be classified as proportional, it must be the case that A. As the tax base increases by a certain amount, the tax liability increases by a greater percent. B. As the tax base increases,...
Brewster Company manufactures elderberry wine. Last year, Brewster earned operating income of $194,000 after income taxes....
Brewster Company manufactures elderberry wine. Last year, Brewster earned operating income of $194,000 after income taxes. Capital employed equaled $2.8 million. Brewster is 40 percent equity and 60 percent 10-year bonds paying 7 percent interest. Brewster’s marginal tax rate is 40 percent. The company is considered a fairly risky investment and probably commands a 12-point premium above the 4 percent rate on long-term Treasury bonds. Jonathan Brewster’s aunts, Abby and Martha, have just retired, and Brewster is the new CEO...
Consider the information in the file named HW2 - Production Data for the Economy. The file...
Consider the information in the file named HW2 - Production Data
for the Economy. The file shows a part of the marginal-product
function for a firm. The firm hires more that 90 workers.
Therefore, the file begins with the 91st worker to save space. The
first 90 workers are already producing a total of 10,530 units of
output. There are 100 such firms in the economy. All the firms are
identical (to make our calculations less cumbersome).
Next, assume that...
In 2009 U.S. charitable giving fell 3.6 percent to 303.75 billion for the year. Total charitable...
In 2009 U.S. charitable giving fell 3.6 percent to 303.75 billion for the year. Total charitable contributions from American individuals, corporations, and foundations fell to $303.75 billion from $315.08 billion for 2008. The largest share of contributions went to religious organizations, representing 33 percent of total giving. The next largest shares went to educational organizations, receiving an estimated 13 percent of the total, and foundations, which received 10 percent of the total. Suppose a sample of 6 employees is randomly...
Consider an economy that can produce two goods, manufactures and
food. Manufactures are produced using capital and labor. Food is
produced using land and labor. The total supply of labor is 20
units. Given the supply of capital and land, the marginal products
of labors are as follows:
Suppose that the price of manufactures is 2 and the price of
food is 1.
A.Determine graphically and algebraically the wage rate and the
allocation of labor between the two sectors
B.Calculate,...
Consider the information in the file named HW2 - Production Data
for the Economy. The file shows a part of the marginal-product
function for a firm. The firm hires more that 90 workers.
Therefore, the file begins with the 91st worker to save space. The
first 90 workers are already producing a total of 10,530 units of
output. There are 100 such firms in the economy. All the firms are
identical (to make our calculations less cumbersome).
Next, assume that...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago