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

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.