What Is the Difference Between a Nominal Value and a Real

question 123

Multiple Choice

What is the difference between a nominal value and a real value?

• A) A nominal value is measured in monetary units adjusted for inflation, unlike a real value.
• B) A nominal value is measured in market rates while a real value is measured in terms of exchange rates.
• C) A nominal value is measured in units of constant purchasing power while a real value is measured in units of current purchasing power.
• D) A nominal value is measured in current market prices while a real value is measured in base year prices.

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