The Difference Between Nominal and Real Is

question 200

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)nominal is a number stated in dollars and real is stated with an index number.
• D)real is a number stated in dollars and nominal is stated with an index number.
• E)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.

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Definitions:

Flextime

is a flexible working hours policy that allows employees to choose their start and end times, within agreed limits.

Required Hours

The specific number of hours an individual is expected to work as determined by an employment contract or agreement.

Different Times

Refers to distinct, separate occasions or periods, highlighting diversity in timing or scheduling.

Job Sharers

Employees who collectively fulfill the duties of one full-time position, sharing the responsibilities, hours, and benefits proportionally.