The financial resources available to households to spend or save:
- Original income: Income from jobs, private pensions, interest from savings
- Gross income = original income + cash benefits
- Disposable income = gross income minus direct taxes
- Post-tax income = disposable income minus indirect taxes
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Edexcel A Level Economics Synoptic Exercise Workbook (Paper 3)Edexcel A Level Economics Synoptic Exercise Workbook (Paper 3)
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