The Difference Between Nominal and Real Is

question 48

Multiple Choice

The difference between nominal and real is

• A) nominal is measured in current dollars and real is measured in dollars of a given year.
• B) real is measured in current dollars and nominal is measured in dollars of a given year.
• C) both nominal and real are measured with index numbers, only the nominal index is greater than 100 and the real index is less than 100.
• D) nominal is a number stated in dollars and real is stated with an index number.
• E) real is a number stated in dollars and nominal is stated with an index number.

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Definitions:

Feelings of Crowding

A subjective sensation of discomfort or stress caused by a perceived lack of space due to the high density of people or objects.

Concept of Density

A measure of mass per unit volume of a substance, often used in physics and chemistry to characterize materials.

Concept of Crowding

The psychological feeling of discomfort or stress due to being in overly populated or cramped spaces.

Conference Room Table

A piece of furniture in an office setting designed to accommodate multiple participants during meetings and discussions.