Which of the following represents the amount of income that is actually available to people for consumption and saving?

Question

Quizplus · Accepted Answer

Disposable personal income represents the amount of income that individuals have available for consumption and savings after paying taxes and receiving transfer payments. Net national product, gross national product, and national income all relate to the total production or income of a country, but do not take into account taxes and transfer payments. Personal income represents income received by individuals before taxes and transfer payments.

Which of the Following Represents the Amount of Income That