A Nominal Quantity Is One That Is Measured

question 16

Multiple Choice

A nominal quantity is one that is measured

• A)using the GDP deflator.
• B)in current dollar value.
• C)in physical, or constant, terms.
• D)using the CPI.

---

Definitions:

Ginger Snap

A type of biscuit made with ginger and other spices, known for its crispy texture and spicy-sweet flavor.

Chocolate Chip Cookie

A popular baked dessert or snack made from dough that includes chocolate chips as a primary ingredient.

Barter

A system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, like money.

Directly Exchanged

A situation where goods or services are exchanged without the use of money as an intermediary.