Question

difference between nominal value of income and real value of income?

Answer 1

Hi friend here is Brainly star Roman1111 reporting in and here is your

1)Nominal income is income expressed in terms of money
Real income is nominal income adjusted for inflation

2) Nominal income is measured in current dollars
Real income is measured in constant dollars

3) Nominal income has nothing to do with buying power
Real income is buying power of nominal income

Hope it helps you................!!