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

Question

Quizplus · Accepted Answer

The functional distribution of income refers to the distribution of income among the factors of production - labor, capital, and land. This is how income is distributed according to its contribution to production.

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