real income


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Related to real income: Nominal income

Real income

The income of an individual, group, or country adjusted for inflation.

Real Income

Personal, corporate, or national income after accounting for inflation. Comparing one's real income from year to year shows how much income has grown or shrunk after adjusting for how much the buying power of the money has been affected. Nominal income compares only raw dollar amounts and does not account for inflation. For example, if one's nominal income has grown 10% and the inflation rate is 3%, the real income growth is 7%. Real income is also known as real wages. See also: Real GDP.

real income

Income, as of a person, group, or country, that has been adjusted for changes in the prices of goods and services. Real income measures purchasing power in the current year after an adjustment for changes in prices since a selected base year. If money income increases more than consumer prices, real income increases. If money income increases less than consumer prices, real income declines. Declines in real income are unfavorable for those suffering the declines and for firms selling goods and services to them.

real income

see REAL WAGE.
References in periodicals archive ?
Second, tariffs directly and indirectly affect price levels, pushing inflation up while real incomes go down.
Put another way, people have little choice but to own a car whatever their real income. Moreover, owning a car gives people the independence and mobility that cannot be delivered by the badly designed public transport system.
L T SD CV Nominal per capita personal income 0.0093 0.0095 7120 17.85 Real per capita personal income 0.0034 0.0035 4949 12.33 It may be seen that inequality in real income is much smaller than that in nominal income in terms of both L and T, and real-income inequality is a little over one-third of nominal-income inequality.
He added: "Overall we think that the outlook for growth is pretty good with the increase in real income and wages starting to pick up as the labour market tightens."
In addition, the report found that the Middle East and North Africa will see average real income increases of 1.7% and even the biggest difference, occurring in sub-Saharan Africa, is only 2.2%.
In all 27 member countries, real income per capita would end up almost 5% higher on average.
But the issue is the year on year decrease in real income for the majority of working families.
If you are looking to buy a nightspot with 'REAL INCOME'...This is the place!
In this Appendix, we present the production theory framework used in the article "New Estimates of Real Income and Multifactor Productivity Growth for the Canadian Business Sector, 1961-2011" published in the Fall 2012 issue of the International Productivity Monitor (1) The main reference is Diewert and Morrison (1986), but we also draw on the theory of the output price index, which was developed by Fisher and Shell (1972) and Archibald (1977).
Bureau of Economic Analysis revised up real incomes from July through December by about 1%, real income growth dipped to 0.5% in January and has decelerated since peaking at 3.8% in October 2010.
The budget reached 17.12 trillion Iraqi dinars, more than 97.6 billion dollars, with real income of 102.32 trillion Iraqi dinars, about 85 billion dollars, thus the deficit reached to 14.8 trillion Iraqi dinars.
News & World Report recently ranked the Top 10 regions in the country for something called "real income," which the magazine tabulated by comparing the median household income and the cost of living index for those regions.