The difference between GDP and disposable income is
A)national income.
B)actual investment spending.
C)net taxes.
D)unplanned investment spending.

Question

Quizplus · Accepted Answer

GDP refers to the total monetary value of all goods and services produced within a country's borders in a given period of time, while disposable income is the amount of money that households have available for spending and saving after taxes have been paid. Net taxes refer to taxes that are paid by individuals and businesses after deducting any transfer payments they receive from the government, such as welfare or unemployment benefits. Therefore, the difference between GDP and disposable income is net taxes.

The Difference Between GDP and Disposable Income Is