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Over what time period is income measured?
A
The distribution of income measures how the total income of an economy is divided between its households.
B
Income is measured over a period of time, such as a week, month or year.
C
Wealth is measured at a single point in time.
D
Work done.
Card 1 of 20
3.3.1 Distribution of income and wealth Flashcards
20 flashcards on OCR GCSE Economics 3.3.1 Distribution of income and wealth: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.