ECONOMICS
AGGREGATE DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Disposable Income =
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Gross income-Net Taxes
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Gross income + Net Taxes
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Gross income / Net Taxes
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Gross income + total taxes
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Explanation:
Detailed explanation-1: -Key Takeaways Disposable income is net income. It’s the amount left over after taxes.
Detailed explanation-2: -Disposable income is the amount of money left to spend and save after income tax has been deducted.
Detailed explanation-3: -Disposable Income = Personal Income – Personal Income Taxes.
Detailed explanation-4: -Gross Disposable Household Income (GDHI) is the amount of money individuals have for spending or saving. This is money left after expenditure such as taxes associated with income and social contributions, property ownership and future provision for pension income.
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