The "functional distribution of income" refers to the distribution of income
A)among the various social classes.
B)between the government and the factors of production.
C)among the major factors of production.
D)between the various economic sectors of a country.
E)among the industrial nations.

Question

Quizplus · Accepted Answer

The functional distribution of income refers to how the total income in an economy is divided among the factors of production such as labor, capital, and land. It does not refer to social classes, government, economic sectors, or industrial nations.

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