If 1 - B = WN/PY Where W Is the Nominal

question 37

Multiple Choice

If 1 - b = WN/PY where W is the nominal wage rate,N is the quantity of labor input,and PY is total income in nominal terms,then labor's share of national income grows if

• A)(w - p)> (y - n).
• B)(w - p)< (y - n).
• C)(w - n)> (y - p).
• D)(w - n)< (y - p).

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Definitions:

Acetaldehyde

A volatile, flammable, and colorless liquid compound, which is a common intermediate in the synthesis of various chemicals and a byproduct of alcohol metabolism.

NADH

Nicotinamide adenine dinucleotide (NADH) is a coenzyme found in all living cells, involved in redox reactions, carrying electrons from one reaction to another.

Ethanol

A volatile, flammable, colorless liquid alcohol widely used as a biofuel, in alcoholic beverages, and as a solvent in the pharmaceutical industry.

Lactate Fermentation

An anaerobic metabolic pathway in which glucose is converted into cellular energy and lactate.