WHAT-TYPE OFINCOMF CAN BE USED FOR PERSONAL CONSUME TION AND PERSONAL SAVINGS AND IT IS IESS THANNOMINAL INCOME BY THE AMOUNT OF TAXES AND OBLIGATORY PAYME? a. unrecorded b. disposable c. real d. nominal

The correct answer is b. disposable income.<br /><br />Disposable income refers to the amount of money that individuals or households have available for personal consumption and savings after accounting for taxes and other mandatory payments. It is the income that remains after deductions, such as income tax, social security contributions, and other obligations. Disposable income is crucial for individuals to make decisions about spending, saving, and investing, and it plays a significant role in determining the overall financial well-being of individuals and households.