Generally speaking,which of the following measures of aggregate output and income is usually the smallest?

Question

Quizplus · Accepted Answer

Disposable income is typically the smallest among the listed measures because it is the amount of money that households have available for spending and saving after income taxes have been accounted for. This means it is personal income minus personal current taxes, making it smaller than national income, personal income, and gross domestic product (GDP).

Generally Speaking,which of the Following Measures of Aggregate Output and Income