what is real income
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hey mate here is your answer I hope it helps you :)
✔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.
Gurpreet1398:
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HøLa MåTé _______✌
✔✔
Real income is income of individuals or nations after adjusting for inflation. It is calculated by dividing nominal income by the price level✔
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