Figure 2.1 (a) answers these questions. It shows that wages were 63 percent of total income in

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Figure 2.1

(a) answers these questions. It shows that wages were 63 percent of total income in 2014 and rent, interest, and profit were 37 percent of total income. These percentages remain remarkably constant over time.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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