Economics B A-Level
Real income
What Real income means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Real income
Check what you remember
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Reference: Pearson Edexcel
Nominal income adjusted for the rate of inflation, so it measures the purchasing power of earnings.
Topics that use Real income
- Inflation (Pearson Edexcel A-Level)
Related terms
- Business uncertainty
- Cost-push inflation
- Deflation
- Demand-pull inflation
- Disinflation
- Inflation
- Investment
- Nominal values
Using Real income in the exam
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