Question

An increase in real income along with an increase in economic welfare is

Answer 1

Answer:

Profit is the answer mate

Answer 2

An increase in real income along with an increase in economic welfare is profit.

•Because, with the increase in a person"s individual skills and income ,that person can develop which in turn also develops the country.

•Economic welfare can be defined in terms of quality of population,literacy, employment etc. for a particular country.

•Economic welfare can be measured in terms of the GDP(Gross domestic product ).

•So an increase in the real income shows that people are better qualified and thus it increases the economic welfare.

•Real income is the income of an individual for his/her work.It can be increased based on the person"s capability.