Question

A. The factor distribution of income describes the relationship between

1. factor ownership and total income.
2. technology and total income.
3. capital and total income.
b. The factor market and factor prices play an essential part in the
1. allocation of income.
2. allocation of resources.
3. distribution of goods and services.
4. allocation of finance.

Answer 1

a. The factor distribution of income describes the relationship between

3. capital and total income

b. The factor market and factor prices

1. allocation of income.

Step-by-step explanation:

In economics, income distribution is defined as how a nation's total GDP is distributed amongst its population. On the other-hand, The factor distribution of income is the division of total income among labor, land, and capital. Factor prices, which are set in factor markets, helps in the determination of the factor distribution of income.