Next time, click the stars (or press S) to bookmarkdifficult terms for review.
It is the division of income on the basis of industry sources, for example, agriculture, transportation, mining,etc
It refers to the way income is distributed among specific households or spending units
personal distribution of income
functional distribution of income
wages and salaries
50% of personal income
both the functional and personal distributions of income.
Saving is that part of after-tax income which is not consumed