Which one of the following is the best definition of household disposable income?
The total amount of income received by a household before any taxes are deducted.
Household income after the deduction of direct taxes and the addition of state benefits.
Total spending by a household on goods and services within the domestic economy.
The net value of all physical and financial assets owned by a household.
187 exam-style questions on AQA A Level Economics 2.1 The measurement of macroeconomic performance, covering 2.1.1 The objectives of government economic policy, 2.1.2 Macroeconomic indicators, 2.1.3 Uses of index numbers, and 2.1.4 Uses of national income data (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.