In the Past 60 Years or So, Labor's Share of GDP

question 44

Multiple Choice

In the past 60 years or so, labor's share of GDP in the United States ________.

• A) is roughly two-thirds
• B) is exactly 50 percent
• C) is roughly one-third
• D) is equal to capital's income share
• E) has risen sharply

---

Definitions:

Social Design

The practice of designing environments, products, and services with the intention to improve human interactions and society as a whole.

Social Dilemma

Situations in which personal interests are at odds with the collective good, challenging the harmony between individual actions and group welfare.

Commons Dilemma

A situation in which individuals’ short-term selfish interests are at odds with long-term group benefits, leading to potential resource depletion.

Common Law

Common Law is a legal system based on judicial decisions and precedents rather than written laws or statutes.