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Real income: Quiz

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Question 1: Therefore, real income is a more useful indicator of ________, since it is based on the amount of goods and services that can be purchased with the income.
Genuine progress indicatorGavin NewsomQuality of lifeBhutan

Question 2: Real variables, such as real income, real GDP, and real interest rate are variables that are measured in physical units, while nominal variables such as nominal income, nominal GDP, and nominal interest rate are measured in ________.
CyprusCurrencyISO 4217Coin

Question 3: Real income is the income of individuals or nations after adjusting for ________.
InflationKeynesian economicsMoneyEconomics







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