Answer to Question #141643 in Macroeconomics for Meron Tesfamariam Ghebreyesus

Question #141643

If personal income (PI) is $16 trillion and taxes (T) are $5 trillion, how much is disposable income (DI)?

Expert's answer

DI(disposable income)=PI(personal income)-T(taxes)

DI=$16 trillion - $5 trillion

$11 trillion

Disposable income is $11 trillion

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