Labor's Share of National Income

question 296

Multiple Choice

Labor's share of national income

• A) is lower today than it was in 1929.
• B) has decreased slightly every decade since 1970.
• C) has increased slightly every decade since 1970.
• D) was roughly 50% in 2009.

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Definitions:

Descriptive Statistics

Statistical methods that summarize and describe the features of a collection of information, typically represented in numerical analyses.

Significantly Higher

Refers to a noticeably greater amount or degree when comparing two or more values or occurrences.

Correlational Study

A research method that examines the relationship between two or more variables, determining how they might relate or predict each other without inferring a causal relationship.

Higher Income

An economic level that surpasses the average income threshold, indicating greater financial resources or earnings.