Disposable income is the amount of money available for either spending or saving. It includes factor income (income earned for employing resources in the production process) and transfer income (income given by the government to those in need). In Australia, income tax and the Medicare Levy are deducted from money income to determine disposable income. Any increase in disposable will cause C and AD to increase.
Disposable income is the amount of money available for either spending or saving. It includes factor income (income earned for employing resources in the production process) and transfer income (income given by the government to those in need). In Australia, income tax and the Medicare Levy are deducted from money income to determine disposable income. Any increase in disposable will cause C and AD to increase.
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