Nominal income

Nominal income

Income that has not been adjusted for inflation and decreasing purchasing power.
Mentioned in ?
References in periodicals archive ?
Nominal income of the population will increase by 13.
We base our outlook revision on our view that, although real economic growth remains relatively strong, we think Saudi Arabia is unlikely to achieve sufficient levels of nominal income to raise the ratings over the next two years," S&P said.
Friedrich Hayek, for instance, occasionally argued that monetary policy should aim at a stable level of nominal income (Hayek [1935] 1967), which would have meant having a rate of deflation equal to the long-term growth rate of real GDP (see White 1999b, 2008).
Nominal income thus replaces nominal goods prices as the optimal nominal anchor.
Furthermore, due to familiar arguments concerning knowledge, the pricing process, and the institutional framework for economic activity, this difference has implications for the inferences we can make concerning the causal relationship between stable nominal income and economic prosperity.
After adding nominal income collectible by the LMRA, real deficit has been transformed into a nominal surplus of BD 48,000.
The resulting index of expected income growth ranges between +95 and -95 and reflects the expected percentage change in nominal income in the next year.
This resulted in nominal income per weighted average share, compared with a net loss of $1.
Suppose, further, that per capita nominal income at the market exchange rate in the second country is four times higher than in the first.
Khan (1977) specifies six equations containing three behavioral relationships--for imports, exports, and aggregate expenditure--and three identities--for nominal income, the balance of payments, and the money supply.
Our 2010 forecast for nominal income growth in Russia of +20% YoY now looks too optimistic.