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    Macroeconomics Study Set 12
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    Exam 9: Aggregate Expenditure and Output in the Short Run
  5. Question
    'Disposable Income' Is Defined As
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'Disposable Income' Is Defined As

Question 119

Question 119

Multiple Choice

'Disposable income' is defined as:


A) national income - transfer payments + taxes.
B) national income + transfer payments + taxes.
C) national income - transfer payments - taxes.
D) national income + transfer payments - taxes.

Correct Answer:

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