The area of G + K represents:
A. labor’s earnings in the absence of a payroll tax.
B. the amount of the payroll tax remitted to the federal government.
C. labor’s earnings after a payroll tax.
D. value of the output produced by labor.
Answer:B
The area of G + K represents:
A. labor’s earnings in the absence of a payroll tax. B. the amount of the payroll tax remitted to the federal government. C. labor’s earnings after a payroll tax. D. value of the output produced by labor.