Distribution of income flashcards

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what is functional distribution of income It is the division of income on the basis of industry sources, for example, agriculture, transportation, mining,etc
what is personal distribution of income It refers to the way income is distributed among specific households or spending units
Income data that show the percentage of total income received by each fifth of all households describe personal distribution of income
Income data that show how total income is distributed as wages, rents, interest, and profits describe functional distribution of income
what does the largest functional share of the national income consists of wages and salaries
The personal distribution of income in the United States is such that the richest fifth receives about _____ percent of personal income 50% of personal income
A rapid rise in profits relative to other types of income would affect both the functional and personal distributions of income.
Economists define saving as Saving is that part of after-tax income which is not consumed

what is functional distribution of income

what is personal distribution of income

Income data that show the percentage of total income received by each fifth of all households describe

Income data that show how total income is distributed as wages, rents, interest, and profits describe

what does the largest functional share of the national income consists of

The personal distribution of income in the United States is such that the richest fifth receives about _____ percent of personal income

A rapid rise in profits relative to other types of income would affect

Economists define saving as

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