The "Functional Distribution of Income" Refers to the Distribution of Income

question 51

Multiple Choice

The "functional distribution of income" refers to the distribution of income

• A)among the various social classes.
• B)among the major factors of production.
• C)among the industrial nations.
• D)between the government and the factors of production.
• E)between the various economic sectors of a country.

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Definitions:

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and resulting in significant political and geographic changes.

GDP

Gross Domestic Product, a standard measure of a nation's total economic production over a specified time period, representing the total value of all goods and services produced.

Industrial Market Economies

These are economies characterized by significant industrial activity, where goods are produced using advanced technological means.

Sub-Saharan African

Referring to the geographical area of the African continent that lies south of the Sahara Desert, characterized by diverse cultures, languages, and economies with varying levels of development.