Let me tell you what some other people say, though: 1  The EWGâs Skin Deep Database lists it as a 5-6 (or moderate hazard), but trying to find the studies they used for their rating proved difficult, and the ones I did find were the nebulous âborax or boric acidâ test studies.
1 This is so because, my nominal wages have increased by 10% while the average price level (CPI) has increased by only 5%. 2  Thus today (in 2010) with my higher nominal wage ($1100.00) I can buy more than I could buy last year.
2) If nominal income is the same and prices have decreased, my real income has gone up (because now I can buy more with my nominal income.) 3) If nominal income and prices increase by the same amount, my real income stays the same (because now I can buy the same amount as before.) 4) If nominal income and prices decrease by the same amount, my real income stays the same (because now I can buy the same amount as before.) 5) If nominal income increases and price also increases, but by a smaller extent my real income has increased (because now I can buy more with my nominal income.)