Question

    The income which is available with a person for Spending

    is called- _________________.
    A National Income Correct Answer Incorrect Answer
    B Personal Income Correct Answer Incorrect Answer
    C Personal Disposable Income Correct Answer Incorrect Answer
    D Gross Income Correct Answer Incorrect Answer

    Solution

    The total national income of the country goes to either the private sector, that is, firms and households (known as private income) or the government (known as public income). Out of private income, what finally reaches the households is known as personal income and the amount that can be spent is the personal disposable income

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