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They can either spend it (consumption) or they can put it into their bank account (saving)
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What is the difference between personal income and disposable income?
a
The consumption function relates the consumption expenditure decisions of households?
to the level of disposible income
The average propensity to consume indicates this?
the fraction of total disposable income that households spend on consumption
The amount of money a person has left of his or her income after taxes is called?
disposable personal income
What is the relationship between consumer spending and disposable personal income?
a direct relationship.
How to culculate personal income to disposable income?
Personal Income = Disposable Income + Personal Savings
Would personal income disposable income or discretionary income be of the greatest interest to marketers?
Discretionary income, not personal income or disposable income, would be the greatest interest to marketers.
What is the difference between personal income and disposable income?
a
To calculate disposable personal income you take personal income and subtract what?
individual income taxes
The consumption function relates the consumption expenditure decisions of households?
to the level of disposible income
The average propensity to consume indicates this?
the fraction of total disposable income that households spend on consumption
What is the amount of money a person has left of his or her income after taxes called?
disposable personal income
The amount of money a person has left of his or her income after taxes is called?
disposable personal income
What is the amount of money a person has left on his or her income after taxes called?
disposable personal income
What is the relationship between consumer spending and disposable personal income?
a direct relationship.
Differentiate between personal income and disposable income?
Personal income all of the income that you call your own, And disposable income would be any amount that YOU MAY HAVE LEFT AFTER contributing to your savings and retirement plans and paying all of your taxes, bills, debts, living, transportation and all other necessary expenses that you may have and owe. Any amount of your personal income THAT YOU HAVE LEFT AFTER THAT would be disposable income that you could give away, throw away or waste for unneeded expense that you want but do not need.
What is the Median Household Income in great Britain?
In 2010 the real adjusted gross disposable income of households per capita in PPS in the United Kingdom was 21,919 pounds. In 2011 it was 21,326.
