Study Notes
Real Wages (Labour Markets)
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 4 Apr 2018
Real income measures the purchasing power of a given amount of nominal (money) income – i.e. nominal income adjusted for inflation
![](https://tutor2u-net.imgix.net/subjects/economics/real_wages_uk.jpg?auto=compress%2Cformat&fit=clip&q=80&w=800)
![](https://tutor2u-net.imgix.net/subjects/economics/macro_falling_real_incomes.jpg?auto=compress%2Cformat&fit=clip&q=80&w=800)
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