MCQOPTIONS
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| 1. |
Which of the following best defines disposable income? |
| A. | income received by households less personal taxes |
| B. | the before-tax income received by households |
| C. | all income earned by resource suppliers for their current contributions to production |
| D. | the market value of the annual output net of consumption of fixed capital |
| Answer» B. the before-tax income received by households | |