________ is national income earned by households plus transfer payments minus personal tax payments.

Name: ________ is national income earned by households plus transfer payments minus personal tax payments.
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Question

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Disposable income is the national income earned by households (wages, salaries, and profits) plus transfer payments from the government (social security, welfare, etc.) minus personal tax payments. It represents the income that households have available for spending and saving after taxes.

________ Is National Income Earned by Households Plus Transfer Payments