The difference between GDP and net taxes is
A)personal income.
B)actual investment spending.
C)disposable income.
D)unplanned investment spending.
E)net exports.

Question

Quizplus · Accepted Answer

GDP represents the total output of a country's economy, while net taxes represent the amount of taxes paid by individuals and businesses after deducting government transfers and subsidies. Disposable income, which is equal to GDP minus net taxes, represents the amount of income that households have available for spending or saving after paying taxes.

The Difference Between GDP and Net Taxes Is