Difference between Nominal Income and Real Income?


Nominal income is the term used to describe an individual's wages based in a particular currency without factoring in inflationary or deflationary effects on the unit of measure. Real income is the term used to describe an individual's wages based on their actual purchasing power.
Q&A Related to "Difference between Nominal Income and Real Income..."
Real national income : the actual quantity of goods and services produced. the standard of living depends very much on the quantities of goods and services produced. Nominal national
Stock income is known as dividends. These are regular payments that stockholders receive from the company. Companies have many different dividend plans to pay their investors. Some
In the context of. U.S. Taxes. : earned income. is income that is derived as a result of. employment. either in the service of an employer or as a self-employed individual. Generally
Real income is the income of individuals or nations after adjusting for
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Ask.com Answer for: difference between nominal income and real income
The Difference Between Nominal & Real Income
Nominal income and real income are both important concepts when it comes to judging the value or returns on business operations and investments. Individuals rarely need to show much interest in the difference between real and nominal unless the long-term... More »
Difficulty: Easy
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