Author Question: The amount earned by owners of the nation's factors of production is A) total income. B) private ... (Read 85 times)

bobthebuilder · **on:** Jun 30, 2018

The amount earned by owners of the nation's factors of production is

A) total income.
B) private and government transfer payments.
C) the wages and fringe benefits received by the nation's workers.
D) all profits received by businesses.

Question 2

The labor force is defined as

A) all individuals who are at least 16 years old and are currently employed.
B) all individuals who are currently employed.
C) all individuals who are at least 16 years old and are employed, looking for work or not looking for work.
D) all individuals who are at least 16 years old and are currently employed or unemployed.