Question
Disposable personal income is the income that
a. households and businesses have left after paying taxes and non-tax payments to the government.
b. households have left after paying taxes and non-tax payments to the government.
c. households and noncorporate businesses have left after paying taxes and non-tax payments to the government.
d. businesses have left after paying taxes and non-tax payments to the government.
a. households and businesses have left after paying taxes and non-tax payments to the government.
b. households have left after paying taxes and non-tax payments to the government.
c. households and noncorporate businesses have left after paying taxes and non-tax payments to the government.
d. businesses have left after paying taxes and non-tax payments to the government.
Answers
GPT-4o mini
Disposable personal income is the income that:
**b. households have left after paying taxes and non-tax payments to the government.**
This definition emphasizes that disposable personal income refers specifically to the income available to households after they have paid their taxes, which they can use for consumption or saving.
**b. households have left after paying taxes and non-tax payments to the government.**
This definition emphasizes that disposable personal income refers specifically to the income available to households after they have paid their taxes, which they can use for consumption or saving.