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National Income Aggregates & GDP · Question 38 of 69

Question 38

MediumOriginal question

Personal disposable income = personal income −

Options for question 38

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. Disposable income is what households can actually spend or save.

  2. From personal income, take away income tax and compulsory payments such as fees and fines.

Concept
Personal disposable income
Typical time
70 s
Your time
—
The rule this testsNational, personal and disposable income
Practise this chapter →

Ten questions from National Income Aggregates & GDP, at your own pace.

Practise this chapter →

Ten questions from National Income Aggregates & GDP, at your own pace.