WHAT TYPE OF INCOME CAN BE USED FOR PERSONAL CONSUMPTION AND PERSONAL SAVINGS AND IT IS LESS THAN NOMINAL INCOME BY THE AMOUNT OF TAXES AND OBLIGATORY PAYME? a. nominal b. unrecorded c. disposable d. real

The correct answer is c. disposable.<br /><br />Disposable income is the amount of money that an individual or household has available to spend and save after paying taxes and other mandatory payments. It represents the income that can be used for personal consumption and savings.<br /><br />Nominal income refers to the total amount of money earned before any deductions, such as taxes. It does not account for the taxes and other mandatory payments that reduce the actual amount available for consumption and savings.<br /><br />Unrecorded income refers to income that is not reported or recorded in official financial records or tax returns. It is not a recognized type of income for personal consumption and savings.<br /><br />Real income, on the other hand, is the income adjusted for inflation. It represents the purchasing power of the income, taking into account changes in the price level of goods and services over time. Real income is not directly related to the taxes and mandatory payments, but it can be influenced by them.<br /><br />Therefore, the correct answer is c. disposable income, as it is the income that is available for personal consumption and savings after deducting taxes and other mandatory payments.