Questions
ECON 215-002 HOMEWORK 2
Single choice
The functional distribution of income measures which of the following?
Options
A.how federal tax revenues are related to the business function that employs taxpayers
B.the distribution of earnings by the factors of production
C.the proportion of income generated by the four types of expenditures on goods and services
D.the distribution of income among households
E.the distribution of income among nations
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Step-by-Step Analysis
The question asks about the functional distribution of income, which is a concept in economics that looks at how total income is allocated across the factors of production rather than across households or countries.
Option 1: 'how federal tax revenues are related to the business function that employs taxpayers' — This mixes tax policy with a business function and does not describ......Login to view full explanationLog in for full answers
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