Maharashtra State BoardHSC Commerce 12th Board Exam
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Write Short Note On: Personal Disposable Income - Economics

Short Note

Write short note on:

Personal disposable income

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Solution

Personal disposable income refers to that part of personal income that is actually available to households for consumption or for saving. Similar to the firms, the individuals also pay taxes and other payments (such as fees and fines) to the government. Such payments are deducted from the personal income to arrive at an estimate of the personal disposable income. This is because such payments are not available to the individuals for consumption or saving.

Personal Disposable Income = Personal Income – Direct Personal Taxes – Miscellaneous Receipts of the Government (fees and fines)

Concept: Concept of National Income
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 9 National Income
Exercise | Q 2.4 | Page 79
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