Answer to Question #246920 in Macroeconomics for Silent

Question #246920
Define personal income and disposable personal income
1
Expert's answer
2021-10-05T11:11:19-0400

Personal income includes payments to individuals (income from wages and salaries, and other income), plus transfer payments from government, less employee social insurance contributions.

Disposable personal income measures the after-tax income of persons and nonprofit corporations.


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