Question
‘Personal Income’ equals
Answer: Option A
Answer: (a)
Disposable income is total personal income minus personal current taxes (or plus receipts of the government).
In national accounts, definitions, personal income, minus personal current taxes equals disposable personal income. Subtracting personal outlays (which includes the major category of personal (or, private) consumption expenditure) yields personal (or, private) savings
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Answer: (a)
Disposable income is total personal income minus personal current taxes (or plus receipts of the government).
In national accounts, definitions, personal income, minus personal current taxes equals disposable personal income. Subtracting personal outlays (which includes the major category of personal (or, private) consumption expenditure) yields personal (or, private) savings
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