What's gloomier is that the average monthly real income
per household fell by 0.
Since price level ("cost of living") in a state is positively correlated with nominal personal income, it may be expected that interstate inequality in nominal income will be larger than that in real income
He added: "Overall we think that the outlook for growth is pretty good with the increase in real income
and wages starting to pick up as the labour market tightens.
In addition, the report found that the Middle East and North Africa will see average real income
increases of 1.
In all 27 member countries, real income
per capita would end up almost 5% higher on average.
The problem is that of low wages and falling real incomes
for working class families, the Government is silent on this critical point.
The above material will be useful in what follows but of course, our focus is not on GDP; instead our focus is on the income generated by the market sector or more precisely, on the real income
generated by the market sector.
The magazine's Top 10 Lowest Real Income
regions included Springfield (No.
A stronger growth in consumption is expected towards the end of the year and thereafter, as the households' disposable real income
is expected to grow and as higher house prices will also stimulate consumption.
Arab hydrocarbon producers earned around $450 billion from crude oil exports in current prices in 2010 but the real income
was only about $352 billion, lower by nearly $98 billion, according to official data.
As seen in the last decade, Indian demand for gold will be driven by savings and real income
levels and not by price.
Rising real income
should result in workers contracting in labor markets for shorter work days and more days off.