Home › Karnataka PUC II › economics › national_income_accounting › Personal Disposable Income (PDI) equals
Personal Disposable Income (PDI) equals
APersonal Income − Personal taxes (direct taxes paid by individuals)
BNational Income − Indirect taxes
CWages + Profit
DPersonal Income + Direct taxes
Answer & Solution
Correct answer: A. Personal Income − Personal taxes (direct taxes paid by individuals)
PDI = Personal Income − Direct (personal) taxes − miscellaneous receipts of government. It is the income actually available to households for spending or saving.
Related questions
GDP and welfare are NOT identical because GDPWhy is NNP at FACTOR COST (rather than at market prices) called the National Income?If GDP at market prices = ₹500, depreciation = ₹50, net indirect taxes = ₹40, NFIA = ₹10, Which equation correctly states the EXPENDITURE method of GDP at market prices?Which is a TRANSFER payment in the macroeconomic framework?If NDP at factor cost is ₹100 lakh and net indirect taxes are ₹15 lakh, NDP at market pricWhich of the following is INCLUDED in GDP?The Value-Added Method calculates national income by