Nominal income

The nominal income (nominal wage) is the amount of money actually paid out in a currency (e.g. euros or dollars) (opposite: real income / real wage ). The nominal income does not allow any conclusions to be drawn about purchasing power, as price developments are not taken into account.

The nominal income is therefore the income valued in money without taking into account the actual purchasing power in contrast to real income.

Individual evidence

↑ Federal Agency for Civic Education: Duden Economy from A to Z: Basic knowledge for school and study, work and everyday life. Licensed edition Bonn: Federal Agency for Civic Education . Ed .: Bibliographisches Institut. 6th edition. Bibliographisches Institut, Mannheim / Bonn 2016 ( bpb.de [accessed on April 29, 2020]).

[1] Federal Agency for Civic Education: Duden Economy from A to Z: Basic knowledge for school and study, work and everyday life. Licensed edition Bonn: Federal Agency for Civic Education . Ed .: Bibliographisches Institut. 6th edition. Bibliographisches Institut, Mannheim / Bonn 2016 ( bpb.de [accessed on April 29, 2020]).