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

Question

Quizplus · Accepted Answer

Disposable income is defined as national income plus transfers (such as social security and unemployment benefits) minus taxes. This represents the income that households have available for spending and saving after accounting for taxes and transfer payments.

________ Is Defined as National Income + Transfers - Taxes