The functional distribution of income measures which of the following?
A) the distribution of income among households
B) how federal tax revenues are related to the business function that employs taxpayers
C) the proportion of income generated by the four types of expenditures on goods and services
D) the distribution of earnings by the factors of production
E) the distribution of income among nations
D
You might also like to view...
If income were equally distributed, a nation's Lorenz curve would be identical to the _______________.
Fill in the blank(s) with the appropriate word(s).
If P denotes the price of goods and services measured in terms of money, then
a. 1/P represents the value of money measured in terms of goods and services. b. P can be regarded as the "overall price level.". c. an increase in the value of money is associated with a decrease in P. d. All of the above are correct.
Which of the following statements is false?
A. One of the basic principles capitalism is based on is to "trust no one." B. To have real competition in a market economy no one business should be able to have any influence over price. C. A basic trade-off exists between the goals of equity and efficiency for a society. D. The forces of supply and demand will NOT automatically lead to an equitable distribution of income.
Entry of new firms in an increasing-cost industry leads to an upward shift of the LRAC curve.
Answer the following statement true (T) or false (F)