ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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income per captia
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fixed income
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pre-taxed income
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disposable income
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Detailed explanation-1: -What is Disposable Personal Income? After-tax income. The amount that U.S. residents have left to spend or save after paying taxes is important not just to individuals but to the whole economy. The formula is simple: personal income minus personal current taxes.
Detailed explanation-2: -Disposable income, also known as disposable personal income (DPI), is the amount of money that an individual or household has to spend or save after income taxes have been deducted.
Detailed explanation-3: -Disposable income or disposable personal income is an economic term for the money that is available for household consumption, savings, and spending after accounting for income tax. It is an important indicator that is used by economists in determining the demand in an economy.