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If W is the nominal wage rate, N is the quantity of labor, P is the price level, and Y is real income, then labor's share in national income is
A) WN - PY.
B) WP/YN.
C) WN/PY.
D) PY - WN.
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Macroeconomics

Macroeconomics


Edition: 12th
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6 years ago
This took a huge load off my back this semester
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