Section 2
Other Measures of Output
Book
Version 3
By Boundless
By Boundless
Boundless Economics
Economics
by Boundless
4 concepts
National Income
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region.
Personal Income
Personal income is an individual's total earnings from wages, investment interest, and other sources.
Disposable Income
Disposable income is the income left after paying taxes.
GDP per capita
Gross domestic product (GDP) per capita is the mean income of people in an economic unit.