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If a quasar has a redshift of 0.98, then it is receding from Earth at 98 percent the speed of light.
Nominal Wages
The amount of money paid to an employee before adjustments for factors like inflation, not reflecting the real purchasing power of the income.
Real Wages
Wages adjusted for inflation, representing the actual purchasing power of income received by workers.
Nominal Wage
The wage earned by a worker expressed in current dollars, without adjustments for inflation.
Price Index
An index number that shows how the weighted-average price of a “market basket” of goods changes over time relative to its price in a specific base year.
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