What's it: National income is the aggregate income received by all suppliers of production factors used to produce output. It consists of employee compensation, rental income, interest income, profit, owner's income, and taxes. Another
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 investment amount required to maintain current productivity levels of fixed assets (capital
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 save or spend on goods and services. Personal disposable income formula and its