86.3k views
1 vote
What's a definition and an example of Real (or constant)
dollars?

1 Answer

6 votes

Answer:

Current dollars is a term describing income in the year in which a person, household, or family receives it. For example, the income someone received in 1989 unadjusted for inflation is in current dollars. Constant or real dollars are terms describing income after adjustment for inflation

Explanation:

User Kashif Ullah
by
7.5k points

No related questions found