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Figure 3.4
-Identify the specific structure indicated by Label O.
Total Income
The sum of all earnings obtained from labor, capital investments, and any other source before any taxes or deductions are applied.
Income Distribution
The way in which a nation’s total GDP is distributed amongst its population, affecting the economic well-being of its citizens.
Official Poverty Line
A threshold set by the government defining the minimum level of income sufficient to cover basic living expenses, used to identify individuals or households in poverty.
Federal Government
The national government of a federal state, which holds the authority over matters that affect the entire country, distinct from state or local governments.
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