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

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Definitions:

Assembly Operation

A manufacturing process in which components or parts are systematically put together to form a finished product.

Output Rate

The speed or efficiency at which goods are produced or services are provided by a process, system, or workforce.

Takt Time

The rate at which a complete product needs to be finished in order to meet customer demand.

DLP Assemblies

DLP (Digital Light Processing) assemblies refer to the components that make up a DLP projector or system, used for projecting images.