________ is defined as national income + transfers - taxes.
A)Gross private domestic investment
B)GDP
C)Personal income
D)Disposable income
E)Government deficit

Question

Quizplus · Accepted Answer

The formula for disposable income is national income + transfers - taxes, which makes option D the correct choice. Gross private domestic investment (option A) refers to the purchases of new capital equipment, GDP (option B) is the market value of all final goods and services produced within a country, Personal income (option C) is all income received by individuals, including wages, salaries, and investment income, while Government deficit (option E) is the excess of government spending over government revenue.

________ Is Defined as National Income + Transfers - Taxes