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Questions
Define the following concepts ‘Personal Disposable Income.’
Define personal disposable income.
Definition
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Solution
Personal Disposable Income (PDI) is the amount of income individuals have available to spend or save after paying taxes. It’s calculated by subtracting all personal taxes from personal income. Essentially, It’s the net income available to households for consumption and savings.
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Chapter 19: National Income Aggregates - TEST YOURSELF QUESTIONS [Page 383]
