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real income (E3)<br />1 Money income adjusted by the amount of inflation over a given period. A PRICE INDEX is used to deflate money income. If, for example, prices have risen by 10 per cent and money incomes by the same amount, real income will remain constant.<br /> 2 The amount of goods and serv1ces which can be purchased with a given money income.
blue economy (PO)<br />The official economy, known to and recorded by government. The term is derived in the UK from the term BLUE BooK, the annual summary of the national income accounts.<br /><em>See also:</em> black economy; infonnal economy; unofficial economy
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