what are the difference between real income and nominal income give the answer in - Economics - Unit III- Environment and Sustainable Development

Question

what are the difference between real income and nominal income?
give the answer in points plz

Vanita Rana · Accepted Answer

Difference between real income and nominal income

Real income
Nominal income

1 Real income refers to the income that is adjusted for the
rise in price or inflation
Nominal income refers to the income that is not adjusted for
inflation

2 It measures real purchasing power
It does not measure real purchasing power

Real income	Nominal income
1. Real income refers to the income that is adjusted for the rise in price or inflation.	Nominal income refers to the income that is not adjusted for inflation.
2. It measures real purchasing power.	It does not measure real purchasing power.

what are the difference between real income and nominal income?......give the answer in points....plz...