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real income

per capita real income

real gross domestic income ECON

real per capital income ECON

Monolingual examples (not verified by PONS Editors)

English
The real income generation follows the logic of the production function.
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In this illustrative example the maximum real income is achieved, when the production volume is 7.5.
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The real surplus value to the producer is an outcome of the real process, real income, and measured proportionally it means productivity.
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There is perfect substitutability between food and leisure, and the marginal rate of substitution is constant for all real income levels.
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In this illustrative example the maximum real income is achieved, when the production volume is 7.5 units.
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As a result average productivity decreases but the real income per capita increases.
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A higher real income means a higher purchasing power since real income refers to the income adjusted for inflation.
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