The amount of money actually received in a particular period is called
A) Nominal income
B) Real income
C) A cost-of-living index
D) Consumer surplus

Name: The amount of money actually received in a particular period is called A) Nominal income B) Real income C) A cost-of-living index D) Consumer surplus
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Question

Quizplus · Accepted Answer

Nominal income refers to the amount of money received in current dollars, without adjusting for inflation or changes in purchasing power.

The Amount of Money Actually Received in a Particular Period