Question

The personal distribution of income: a. measure the flow of income allocated to the functional divisional...

The personal distribution of income:

a. measure the flow of income allocated to the functional divisional of labor (agriculture, services and manufacturing)

b. splits income among factors of production

c. measures the Gini coefficient

d. splits income into quintiles or fifths

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Personal income distribution reflect how income is divided among individuals in a country. It concentrates on why there is a difference in the income distribution between different groups of people.

Generally population of the country are spilitted into five parts less than 20%, 21-40%, 41-60% 61-80% and 81-100%.

These tables will split the population into fifths. The bottom fifth is the bottom 20% of households, the second fifth is the next 20%, and so on to the top fifth that is the top 20%. Then, next to each fifth is the share of the total income in the economy earned by each fifth.

Hence it can be said that the personal distribution of income splits income into quintiles or fifths.

Hence option d is the correct answer.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The _____ the Gini coefficient, the more _____ the income distribution. Question 1 options: a) straighter;...
The _____ the Gini coefficient, the more _____ the income distribution. Question 1 options: a) straighter; unequal b) higher; equal c) higher; unequal d) lower; unequal
Changes in the distribution of personal income are best characterized by which of the following? a....
Changes in the distribution of personal income are best characterized by which of the following? a. Between 1935 and 1945, the distribution of personal income in the United States became more even; since then it has become less even. b. Since the mid 1930's, the distribution of personal income in the United States has become more even. c. Since the mid 1930's, the distribution of personal income in the US has become less even. d. The distribution oif personal income...
19. GDP refers to _________. A. the amount of personal disposable income in the economy B....
19. GDP refers to _________. A. the amount of personal disposable income in the economy B. the difference between government spending and government revenues C. the total manufacturing output in the economy D. the total production of goods and services in the economy 20. Peter Lynch said the most important thing about owning an investment is _________. A. “To know how much you own” B. “To know what you own” C. “To know where interest rates are going” D. “To...
The Lorenz curve is a.a graph of the income distribution that expresses the relationship between the...
The Lorenz curve is a.a graph of the income distribution that expresses the relationship between the cumulative percentage of households and the cumulative percentage of wealth. b.a graph of the income distribution that expresses the relationship between the cumulative percentage of individuals and the cumulative percentage of income. c.a graph of the income distribution that expresses the relationship between the cumulative percentage of households and the cumulative percentage of income. d.a graph of the tax share distribution that expresses the...
A comprehensive tax on consumption (like a cash-flow or expenditure tax) as compared to an income...
A comprehensive tax on consumption (like a cash-flow or expenditure tax) as compared to an income tax: a.       will always be more regressive. b.       is virtually identical to an income tax in terms of its economic impacts. c.       is likely to increase saving. d.       will not tax consumption of personal services like haircuts and dry cleaning. please provide some explanation please
The Lorenz curve typically breaks income distribution into: Question 1 options: a) percentiles. b) deciles. c)...
The Lorenz curve typically breaks income distribution into: Question 1 options: a) percentiles. b) deciles. c) quartiles. d) quintiles. If public policies are effective in reducing the depth of poverty, then the income deficit should be _____ and the ratio of income to poverty should be _____. Question 4 options: a) rising; rising b) rising; falling c) falling; rising d) falling; falling If the poverty threshold for a family of four is $24,000 and the Shoenfelds earned $21,000, their income...
Question 3: The Specic Factors Model a.) How does international trade aect the income distribution in...
Question 3: The Specic Factors Model a.) How does international trade aect the income distribution in Ricardo's model? b.) Via which channel could international trade in uence the income-distribution in the short-run? A small open economy produces cheese using land and labor and cars using capital and labor. Land and capital are specic factors of production, labor can move freely between both industries. The economy initially exports cheese and imports cars. The price of cheese on world markets increases suddenly...
. The difference between expenditure and income approach to measure GDP resides in: A) Expenditure approach...
. The difference between expenditure and income approach to measure GDP resides in: A) Expenditure approach address the question “Who gets income”, while income approach “Who purchases GDP” B) Expenditure approach counts compensation of employees, rents, interest, proprietor’s income and corporate profit, while income approach counts consumption, investment, government spending and net export C) From the spending side 70% of national income is paid in wages and benefits, while from income side 72% consists of consumer expenditures D) The expenditure...
1. In the circular-flow diagram, which of the following do households NOT do? a. Produce goods...
1. In the circular-flow diagram, which of the following do households NOT do? a. Produce goods and services b. Buy goods and services that firms produce c. Own the factors of production 2. John works part-time for a moving company and earns a total of $232 each weekend. Next weekend a friend invites him on a rafting trip that will cost him a total of $269. If he goes on the trip he will not be able to work. What...
Personal consumption expenditures $245 Net foreign factor income 4 Transfer payments 12 Rents 14 Consumption of...
Personal consumption expenditures $245 Net foreign factor income 4 Transfer payments 12 Rents 14 Consumption of fixed capital (depreciation) 27 Statistical discrepancy 8 Social Security contributions 20 Interest 13 Proprietors’ income 33 Net exports 11 Dividends 16 Compensation of employees 223 Taxes on production and imports 18 Undistributed corporate profits 21 Personal taxes 26 Corporate income taxes 19 Corporate profits 56 Government purchases 72 Net private domestic investment 33 Personal saving 20 4. (Chapter 27) Use the attached National Income...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT