What is the equation for private disposable income?
a. Y + NFP + INT – T
b. T – TR – INT
c. Y + NFP + INT – T – C
d. T – TR – INT – G
2. Suppose your favorite economics professor is from Germany. The value of his teaching
service counts towards (choose all that apply)
a. U.S. GDP
b. U.S. GNP
c. German GDP
d. German GNP
Since you have posted multiple questions, we will provide the solution only to the first question as per our Q&A guidelines. Please repost the remaining questions separately
Personal disposable income will be computed as personal income minus taxes at a personal level. It helps to determine the amount of net income that remains after the payment of the taxes by household sector.
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