The Personal Distribution of Income Measures Which of the Following

question 211

Multiple Choice

The personal distribution of income measures which of the following?

• A) how federal tax revenues are related to the type of businesses that employs the taxpayers
• B) the distribution of earnings by the factors of production
• C) 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

---

Definitions:

Curve

In economics, it typically refers to a graphical representation showing the relationship between two variables.

Cross Elasticity

The responsiveness of the demand for one good to a change in the price of another good.

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an algebraic expression.

Substitutes

Goods or services that can be used in place of each other, where an increase in price of one leads to an increase in demand for the other.