Differences in Income from Work

    Subdecks (3)

    Cards (14)

    • Wage Outcomes
      The distribution of wage, salary and other forms of income and their relationship to age, gender, occupation, industry, income groups and cultural backgrounds
    • Average Weekly Earning
      Average total earnings for all employees is the average weekly gross rate of pay to all employees
    • Nominal Wages
      Pay received by employees in dollar terms for their contribution to the production process, not adjusted for inflation
    • Real Wages
      A measure of the actual purchasing power of money wages
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