Does Adsense Pay For Page Impressions?

Basically speaking yes it does BUT you will only earn a few cents (if that!) for page impressions!

For example I have seen on my own adsense account numbers where I have been paid like 1 cent for anywhere from 3 to 80 page impressions!

So if you're only depending on earning Adsense money via page impression you are not going to make that much money!