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Calculate national income and personal disposable …

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Calculate national income and personal disposable income

Posted by Kunal Malhotra 6 years, 3 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 6 years, 3 months ago

Personal disposable income refers to disposable income of only the individuals and households in the country. National disposable income refers to disposable income of the country as a whole.
Personal disposable income is estimated as the sum total of household consumption and household saving. It is the income remaining with the individuals and the households after payment of all the taxes levied against their income and their property by the government.

National disposable income is estimated as the sum total of net domestic income at factor cost, net indirect taxes, net factor income from abroad and net current transfers from the rest of the world.

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