The amount of income received in a given time period,measured in current dollars,is
A)Nominal income.
B)Real income.
C)Relative income.
D)The Consumer Price Index.

Name: The amount of income received in a given time period,measured in current dollars,is A)Nominal income. B)Real income. C)Relative income. D)The Consumer Price Index.
Brand: Quizplus
Rating: 4.7 (33 reviews)

Question

Quizplus · Accepted Answer

Nominal income refers to the income received in current dollars, without any adjustment for inflation or changes in purchasing power.

The Amount of Income Received in a Given Time Period,measured