The Table Shows the Distributions of Market Income and Money

question 32

Multiple Choice

The table shows the distributions of market income and money income in the United States in 2007.

-According to the table above, the money income distribution is ________ unequal than the market income distribution because ________ income reflects income redistribution through taxes and benefits.

• A) less; money
• B) less; market
• C) more; money
• D) more; market

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Definitions:

Workers' Wages

The compensation paid to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.

Wage Reductions

Actions taken by employers to decrease the amount of money paid to workers, often in response to economic pressure or to increase profitability.

OPEC Price Increases

Refers to occasions when the Organization of Petroleum Exporting Countries decides to raise the price of oil, affecting global economies and energy costs.

Deregulation

The process of removing government restrictions and regulations in industries to improve efficiency and encourage competition.