chapter  4
13 Pages

The Disposition of Personal Income

Considering all the effort that goes into earning personal income, it is crucial to spend or invest it effectively. In this chapter, we look at the use side of the U . S. personal income and outlay account to see how the "average" American spent and invested in two recent years. Then we explain how to deflate FPI since, along with the satisfaction quotient, real FPI per person is a component of personal productivity.