Question

write short notes on
nominal income​

Answer 1

Answer:

Nominal income is income that is not adjusted for changes in purchasing power, the amount of goods or services that one can afford with the income, owing to inflation.

Explanation:

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Answer 2

Nominal income is income that is not adjusted for changes in purchasing power, the amount of goods or services that one can afford with the income, owing to inflation. ... Since nominal income is not adjusted for changes in the cost of living due to inflation, it is not a fully satisfactory measure of well-being.