Economics · National Income Accounting
Which of the following statements correctly represents Disposable Income?
- 1The income available to individuals and households after deducting personal direct taxes✓
- 2The total factor income earned by businesses and corporations in an economy
- 3The gross income earned by individuals through self-employment before any spending
- 4The total national income earned by individuals and households before any taxes
Correct answer
The income available to individuals and households after deducting personal direct taxes
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