4. Approximately 80 percent of national income in the United States is allocated to human capital (labor)

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4. Approximately 80 percent of national income in the United States is allocated to human capital (labor) and 20 percent to owners of physical (nonhuman) capital.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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