What is the term for the level of disposable income at which households plan to consume (spend) all their income and to save none of it?Multiple Choicepersonal incomebreak-even incomehousehold incomeaggregate income

What is meant by the term 'disposable income

Distinguish between Personal Income and Disposable Income.

Disposable income is defined as:Select one:a.Income thrown away on non-essentialsb.Income spent on essentialsc.Income kept in the bankd.Income available after tax and other deductions such as food, clothing and housing have been paid

The difference between Personal Income and Disposable Income is Personal Savings.Group of answer choicesTrueFalse

The part of total consumption expenditure that is independent of disposable income isGroup of answer choicesthe consumption schedule.average propensity to consume.marginal propensity to consume.autonomous consumption.