MICROECONOMICS
MICROECONOMICS
5th Edition
ISBN: 9781319395018
Author: KRUGMAN
Publisher: MAC HIGHER
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Chapter 19, Problem 1P
To determine

Factor distribution of income in the United States in 2015.

Concept Introduction:

Factor distribution of income refers to the division of income among different factors of production like land, labor, physical capital and human capital. Factor prices determined by the forces of demand and supply in the factor market also determines the distribution of factor income in the economy.

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