How do you calculate disposable income from personal income?
What will be an ideal response?
To calculate disposable income from personal income, subtract taxes paid, including personal income taxes, personal property tax and inheritance taxes. The result of the subtraction of taxes from personal income is disposable income.
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Refer to the graph above. Which of the following would shift the investment demand curve from ID 2 to ID 3 ?
A. Greater inventories of capital goods
B. Higher business taxes on capital goods
C. A more rapid rate of technological progress
D. Lower expected rates of return on investment in capital goods
Deficient information on unsafe products can cause:
A. overconsumption of a product. B. underconsumption of a product. C. the government to decide to subsidize a product. D. collusion among firms.