Disposable Personal Income is:Question 31Select one:a.The after-tax income of individuals available for spending on goods and services.b.The total market value of all final goods and services produced in the economy, which is equal to gross domestic product adjusted to include the net income Americans earned overseas.c.Net National Product minus indirect taxes that were paid during the year.d.The total income of people before the payment of income taxes.e.The total market value of all goods and services produced within the domestic economy whether by foreign or American resources in a given time period.

Distinguish between Personal Income and Disposable Income.

Personal income is equal to:Question 36Select one:a.an employee's take home pay.b. National Income -  Personal Taxes + Living Expenses.c.the amount of money an individual earns less interest paid and personal expenses.d.a person's total income before the payment of income taxes.e.Net National Product – Indirect Business Taxes.

Disposable income is defined as:Select one:a.Income thrown away on non-essentialsb.Income spent on essentialsc.Income kept in the bankd.Income available after tax and other deductions such as food, clothing and housing have been paid

What is meant by the term 'disposable income

The difference between Personal Income and Disposable Income is Personal Savings.Group of answer choicesTrueFalse