Name and Briefly Describe the Three Levels of Distribution Intensity

question 117

Essay

Name and briefly describe the three levels of distribution intensity.Give examples of two products that logically would be distributed at each level of intensity.

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Definitions:

Real Output

The total value of all goods and services produced in an economy, adjusted for inflation, reflecting the actual productivity rather than nominal figures.

Government Purchases

These refer to the total expenditures for goods and services by all levels of government, excluding transfer payments.

Expenditures

Payments or outlays of money to cover costs or expenses.

Salaries

Periodic payments made to employees, usually on a monthly or biweekly basis, in return for labor services performed.