Cyberproblems & Solutions

The Markets for the Factors of Production

1. Find data on National Income in the United States. National Income is typically broken down into five categories: Compensation of Employees, Interest, Rent, Proprietor's Income and Corporate Profits before Taxes. What factor of production earns each type of income? What percentage of the total National Income goes to each of these categories? Have these percentages changed much in the past 20 years? A good starting point for your research is Table B-26 of the 1997 Economic Report of the President.

   The link takes the student to a table of contents of statistical tables. Table B-26 is National Income by type of income, 1959-96. Finishing this problem simply requires collecting the data and doing the computations

2. Access the 1998-99 Occupational Outlook Handbook. This biennial publication is prepared by the U.S. Department of Labor. Locate information on the nature of the work, earnings, training, and job outlook for three occupations you are interested in.

   Students should follow "The Outlook for Specific Occupations" and choose one or more occupational category. Following links to specific occupations will lead to text describing the nature of the work, earnings, training and job outlook.

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