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Praxis II Citizenship

Category - Economics

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Functional distribution of income is how the total income of a nation is apportioned to the four:

Factors of production.
Primary socioeconomic classes.
Market structures.
Economic sectors.

Explanation

Answer: A - Functional distribution of income is how the total income of a nation is apportioned to the four factors of production: labor, land, capital, and entrepreneurship. It is allocated in wages and salaries (for labor), rents (for land), interest (on capital), and profits (to entrepreneurs).

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Praxis II Citizenship

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Praxis II Citizenship

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