a) Disposable income

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Last updated 8:09 PM on 2/3/26
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6 Terms

1
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  • define disposable income

  • the income left over after direct taxes have been paid and transfer payments have been received

2
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  • state the effect on disposable income when direct taxes increase

  • state the effect on disposable income when direct taxes decrease

  • decreases

  • increases

3
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  • state the effect on disposable income when transfer payments increase

  • state the effect on disposable income when transfer payments decrease

  • increases

  • decreases

4
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  • state the effect on consumption when disposable income decreases

  • state the effect on consumption when disposable income increases

  • decreases

  • increases

5
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  • state the effect on consumption when disposable income is saved

  • state the effect on consumption when disposable income is spent

  • decreases

  • increases

6
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  • state the effect on savings when there is economic decline

  • state the effect on savings when there is economic growth

  • increase

  • decrease