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8 February, 11:25

Real income can be determined by:

dividing the annual rate of inflation into the number "70."

inflating nominal income for inflation.

dividing the price level by nominal income.

deflating nominal income for inflation.

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  1. 8 February, 11:37
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    The answer is D. Deflating nominal income for inflation.

    Explanation:

    Real income is how much money an individual or entity makes after accounting for inflation. it is the income of an individual or a nation after adjusting inflation. It is calculated by dividing nominal income by the price level.

    Hence we can say real income is determined by Deflating nominal income for inflation
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