According to the Functional Distribution of Income,in the United States

question 60

Multiple Choice

According to the functional distribution of income,in the United States

• A) capital earns most of the income.
• B) labor earns most of the income.
• C) land earns most of the income.
• D) entrepreneurs earned most of the income.
• E) the income earned by capital and labor are approximately equal.

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Definitions:

Compounded Semi-annually

The method of determining interest by adding it to both the original amount of money deposited or borrowed and the interest that has already been added over two periods within a year.

Amortization

The process of paying off a debt over time through regular payments.

Compounded Semi-annually

A method of calculating interest where the interest is added to the principal amount twice a year, leading to interest being earned on interest.

Compounded Semi-annually

Interest calculation method where interest is added to the principal sum of a loan or deposit twice a year, resulting in 'interest on interest' accumulation.