Economics B A-Level
Real income growth
What Real income growth means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Real income growth
Check what you remember
Read the wording for your board, then hide it and explain Real income growth in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Growth in income that accounts for inflation, unlike nominal income growth.
Topics that use Real income growth
- Growing economies (Pearson Edexcel A-Level)
Related terms
- Base year
- Demand-pull inflation
- Economic growth
- Emerging markets
- Foreign direct investment (FDI)
- Income inequality
- Index numbers
- International trade
Using Real income growth in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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