How can we findout real income and true purchase power of money

1.	How can we findout real income and true purchase power of money
Answer» <html><body><p>tion:Real income is the amount of money you have and the buying <a href="https://interviewquestions.tuteehub.com/tag/power-2475" style="font-weight:bold;" target="_blank" title="Click to know more about POWER">POWER</a> of that money, based on the <a href="https://interviewquestions.tuteehub.com/tag/rate-1177476" style="font-weight:bold;" target="_blank" title="Click to know more about RATE">RATE</a> of inflation. Real income can go up or down based on whether the inflation rate is going up or down. When real income goes up, a person's <a href="https://interviewquestions.tuteehub.com/tag/purchasing-1172776" style="font-weight:bold;" target="_blank" title="Click to know more about PURCHASING">PURCHASING</a> power increases. <a href="https://interviewquestions.tuteehub.com/tag/likewise-2157441" style="font-weight:bold;" target="_blank" title="Click to know more about LIKEWISE">LIKEWISE</a>, when real income goes down, purchasing power decreases.</p></body></html>

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