Social Sciences, asked by venkicnhally, 9 months ago

how can we findout real income and true purchase power of money​

Answers

Answered by jagannathsahoo882
1

Explanation:

Real income is the amount of money you have and the buying power of that money, based on the rate of inflation. Real income can go up or down based on whether the inflation rate is going up or down. When real income goes up, a person's purchasing power increases. Likewise, when real income goes down, purchasing power decreases.

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