What Are the Differences Between National Income,personal Income,and Disposable Personal

question 68

Essay

What are the differences between national income,personal income,and disposable personal income?

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Definitions:

Net Exports

The value of a country's total exports minus its total imports, representing the net effect of foreign trade on an economy.

Capital Flight

A large and sudden reduction in the demand for assets located in a country

Interest Rate

The percentage of a loan that is applied as interest for the borrower, usually shown as a yearly rate.

Import Quotas

Restrictions set by a government on the quantity of a specific good that can be imported into a country.