- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 10. Aggregate Output, Prices, and Economic Growth
- Subject 2. The Components of GDP and Related Measures
CFA Practice Question
Disposable income equals ______.
B. personal income minus personal taxes
C. GDP minus personal income and federal taxes
A. net GDP per capita minus personal taxes
B. personal income minus personal taxes
C. GDP minus personal income and federal taxes
Correct Answer: B
Disposable income is the income available to individuals after personal taxes. It can be either spent on consumption or saved.
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