What's it: National income is the aggregate income received by all suppliers of production factors used to produce output. It consists of employee
Income Approach
Capital Consumption Allowance in GDP: Meaning, Why It Matters
What it is: A capital consumption allowance (CCA) is a macroeconomic term for depreciation of fixed assets. It represents the minimum
Personal Disposable Income: Meaning, Formula
Personal disposable income refers to after-tax income received by the household sector. It represents aggregate money available for households to