The amount of money received in a particular period adjusted for changes in purchasing power is called:

A. nominal income.

B. real income.

C. a cost-of-living index.

D. consumer surplus.

B. real income.

Economics

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The difference between an international corporation and a multinational corporation is that the international corporation

a. produces in North America while the multinational corporation produces worldwide b. sells its products in North America while the multinational corporation sells its products worldwide c. sells only products while the multinational corporation sells products and services d. produces only in the home country while the multinational corporation produces in two or more countries e. exports goods and services while the multinational corporation imports goods and services

Economics

The U.S. government banned cigarette advertising on radio and television after January, 1971 . You would expect to find that after the ban took effect the price of magazine ads for

a. all goods fell. b. only cigarettes fell. c. all goods rose. d. only cigarettes rose.

Economics