Personal income refers to the total income of individuals in a country within one year.Personal gains from various sourcesincomeSum of, includingwages、rentRevenuedividenddividendandsocial welfareAnd so on.Reflects the reality of individuals in the countrypurchasing powerLevel, indicating that consumers willcommodity、serviceetc.demandChanges.personalIncome indicatorsIt's personalConsumption capacity, an effective indicator of future consumer purchase trends and evaluating the quality of economic conditions.
Personal income（PI）It refers to the total income of individuals from various sources, including wagesRental income、dividendDividends andsocial welfareAnd so on.This indicator is used to predict personalConsumption capacityIt is an effective indicator of future consumers' purchasing trends and economic conditions.An increase in personal income represents an improvement in economic conditions oreconomic climate , accordingly,Personal consumption expenditureIs likely to increase;Of course, decline is a sign of slowdown and recessionexchange rateThe influence of the trend is self-evident.If personal income rises too fast, the central bank is worriedinflation, and will considerincrease interest, of course, interest rate increase will be rightCurrency exchange rateHave a strong effect.Personal consumption expenditure represents the consumption of goods or services purchased by individualsmarket valueThe reason why these two data are important is that they are both currentGNPExperts can use these data to predict the possibility of GNPChange range。
Important formula
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personal incomeExpressed in PI, it refers to the total income of all individuals in a country from various sources within a year.Individuals in a country or region are actually residents of that country or region.The total income of all individuals in a country or region is combined with the income of all residents in that country or region, that isnational incomeIt should be consistent.However, the actualeconomical operation There are some factors that lead to the difference between personal income and national income.These factors are also important factors in the composition of personal income, including:
2、Corporate income taxThe exists of.Corporate income tax is paid to the government because of the existence of profitstax revenue, and paying to the government means that it cannot be allocated to individuals.
3. VariousSocial insurance premiumThe exists of.The income of the owner of production factors must have a part ofsocial insuranceThe form of taxes and fees is handed over to the relevant agencies, so they must be deducted.
4、transfer payment The exists of.In the real economy, individuals will also receive government grantsRelief、pensionAnd other forms of transfer payment.
Therefore, the composition of personal income is actuallynational incomeSubtract a part asproduction factorsThe part of remuneration paid to individuals but not paid, plus the income actually obtained by individuals that does not belong to the remuneration of factors of production.
Personal disposable income refers to the accumulation of personal disposable income of a country within a year. Personal income minusindividual income taxThe balance of is personal disposable income, which can be divided into consumption and savings.The formula is expressed as:
DPI(Disposable Personal Income)=PI Personal Income Tax=Consumption+savings
