Household income after taxes is called:

Question

Quizplus · Accepted Answer

Disposable personal income refers to the amount of income that households receive after paying taxes, which they can use for consumption or savings. It is a measure of the purchasing power of households and is important for understanding consumer behavior and economic growth. National income (A) refers to the total income earned by all factors of production in a country's borders, while gross domestic product (B) measures the value of all goods and services produced within a country's borders. Gross national product (D) is similar to GDP, but includes the value of goods and services produced by a country's citizens abroad. Personal income (E) includes all types of income, including wages, investments, and transfers, but does not take into account taxes and other government transfers.

Household Income After Taxes Is Called