Nominal national income

 

 

 

Nominal national income

 

Glossary of business

 

Definition of nominal national income

 

Nominal national income is the value of output at current prices. In other words it is national income valued at the prices existing at the time and not adjusted for inflation. Once adjusted for inflation it would be described as 'real national income'.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

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Definition and meaning of nominal national income

 

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Meaning of nominal national income

 

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What does nominal national income mean ?

 

 

 

 

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